3 Reasons Why Bitcoin Is a Better Inflation Hedge Than Gold

On Nov. 10, Bitcoin (CRYPTO: BTC) briefly touched $69,000, a new all-time high. That same day, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 6.2% over the last 12 months, representing the highest yearly increase in three decades.

Gold has long been regarded as the go-to inflation hedge. But the world is much different now. Today, we have cryptocurrencies that have inflation-resistant characteristics. Bitcoin, the largest and most established of them all, has the makings of an excellent hedge that's arguably better than gold. Here's why.

Image source: Getty Images.

Source Fool.com