Investor and host of The Pomp Podcast Anthony Pompliano has opined that Bitcoin continues to be the best hedge against inflation in the face of mounting criticism.
The serial investor argued that market moves are based on future events rather than past occurrences, which explains BTC’s meteoric rise in 2021.
“Bitcoin was around $10,000 for much of 2020, but we saw it increase to over $60,000 by March 2021. That is a 600% gain in less than a year,” wrote Pompliano. “Although inflation was still low, investors bought it IN ANTICIPATION of inflation coming.”
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