Viewpoint: After Trump's victory, institutions will increasingly lean towards using Bitcoin to combat inflation instead of gold

2024-11-21 23:41:31

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ChainCatcher news, according to The Block, Deenar co-founder Maruf Yusupov stated that the rapid rise of Bitcoin after Trump's victory in the U.S. elections may be reshaping traditional views on inflation hedging. Trump's focus on tax cuts, tariffs, and cryptocurrencies is driving interest in Bitcoin as a modern alternative to gold. With the acceleration of institutional adoption, a significant shift of capital from gold to digital assets may be observed.

deVere Group CEO Nigel Green also mentioned that Bitcoin is increasingly being viewed as a tool for hedging inflation and diversifying portfolios, with institutional interest reaching historic highs and the infrastructure supporting mass adoption continuously expanding.

Copper.co research director Fadi Aboualfa expressed a similar view, also emphasizing that the price trend patterns between spot Bitcoin and gold exchange-traded funds (ETFs) are becoming increasingly similar.

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