Has Bitcoin Bottomed? 2 Challenges to Consider
Bitcoin (CRYPTO: BTC) stands out in the cryptocurrency industry because of its strong brand and first-mover advantage. And with its price down 52% year to date, many investors are wondering if now is the time to bet on a rebound. Let's discuss two factors to consider before clicking the buy button.
The experiences of 2021 and 2022 suggest Bitcoin is not a reliable hedge against inflation. Despite a skyrocketing annual inflation rate, the asset has shed most of its pandemic-era gains. And the Federal Reserve's monetary policy tightening could be behind this unexpected trend.
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Source Fool.com
