Crypto enthusiasts often talk about bitcoin as a hedge against inflation. Why?

The argument is that central bank money printing will lead to inflation or the decrease in the value of money over time. Bitcoin, by contrast, has a fixed limit of 21 million coins that can ever be created. This limited supply allows bitcoin to resist inflation.

The COVID-19 pandemic presented the ideal conditions to test this theory once countries across the world began injecting trillions of dollars into their…

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