Michael Saylor took to his Twitter account to inform his followers that he believes Bitcoin is the best hedge against inflation while giving statistical reasons. However, most of his fans were against his thought because of BTC's volatility these past few months. Some even shared Bank of America's thoughts on BTC as an inflation hedge.

https://twitter.com/saylor/status/1524717026744352770?s=19
<h2>Michael Saylor's Perception of BTC as a Hedge Against Inflation</h2>
Michael Saylor claimed that Bitcoin has increased by 149% after MSTR declared its first Bitcoin acquisition on 11th August 2020, exceeding CPI (11.2%), US Homes (28%), Nasdaq (5%), Silver (-17%), PPI (12%), M2 (19%), Gold (-9%), and S&amp;P (18%). Bitcoin has shown to be an effective inflation hedge in the brief period it has been in existence. It has generated huge profits and is even referred to as 'digital gold. It dates back to when gold was among the few assets individuals had to defend themselves from fiat currency's dwindling buying power. 
<h3>Bank of America Claims BTC Hasn't Been a Hedge Against Inflation in a Long While</h3>
BoA's latest analysis on BTC suggests that the currency hasn't been a hedge against inflation in recent months. Since July last year, BTC has traded as a <a href="https://www.cryptoknowmics.com/news/crypto-is-safer-than-fiat-changpeng-zhao">risky investment</a>, according to Andrew Moss and Alkesh Shah. They cite data demonstrating that cryptocurrency frequently swings with the stock market. Depending on how both BTC and the S&amp;P 500 have moved over the past 180 days, their relationship reached an ATH on 31st January. The Nasdaq 100's connection with BTC was also approaching ATHs.

Lately, the connection between BTC and the stock market has been more evident. Both have stayed in sync in the present macro context. This is why BTC's value has continued to fall today, after the Federal Reserve's announcement that it will increase interest rates by 50%. According to experts, this association is expected to persist soon.

Furthermore, BTC is frequently likened to gold as a reliable measure of wealth. However, since 21st June, the relationship between BTC and XAU has stayed near 0 and has gotten more negative in the last 2 months, according to the analysis, indicating that BTC's value hasn't been growing in lockstep with gold.

Bitcoin is the Best Hedge Against Inflation: Michael Saylor

Earlier today, Michael Saylor tweeted to inform all his followers that he believes that Bitcoin is the best hedge against inflation.  

Ify is an experienced and versatile writer and researcher. He has have keen interest in blockchain technology, Bitcoin, cryptocurrencies, fintech and emerging technologies. He has tons of published works both online and in the print media. He has close to a decade of writing experience. When he is  not writing, he  spends time with his lovely wife and kids.

Bitcoin is the Best Hedge Against Inflation: Michael Saylor

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