Bitcoin comes of age as a new inflation hedge

Bitcoin has risen by 370% since mid-March, with its ability to hedge against inflation a big part of its appeal.

Bitcoin graphic
Bitcoin has been embraced by institutional investors this year
(Image credit: © Getty Images/iStockphoto)

“A fraud, a rip-off, a sucker’s bet.” But for all the invective heaped upon it, bitcoin continues to soar, says Edward Robinson on Bloomberg. The cryptocurrency eclipsed $20,000 last week and then charged on, briefly hitting $24,000. Bitcoin has risen by 370% since mid-March.

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Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.