Bitcoin, Gold Are Top Inflation Hedges, Says Coinbase’s John D’Agostino

Bitcoin (CRYPTO: BTC) is increasingly being viewed in the same league as gold when it comes to long-term inflation hedging, according to John D’Agostino, Head of Strategy for Coinbase (NASDAQ:COIN) Institutional.

What Happened: Speaking with CNBC as Bitcoin traded near $92,500 levels on Thursday morning, D’Agostino emphasized that Bitcoin has now earned a place next to gold in strategic asset allocations aimed at protecting capital during periods of financial stress.

“In every single one of their analysis, Bitcoin was top five,” he said, referring to top global commodity traders …

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