Bitcoin the new gold? According to Trenchev and Siegel, BTC is the new inflation protection
Is Bitcoin the New Gold? At least for millennials, this is the case, says Jeremy Siegel. For Nexo founder Antonio Trenchev, Bitcoin is Gold 2.0 and therefore the ideal protection against inflation.
Bitcoin has not yet been able to establish itself as a means of payment, at least worldwide. In El Salvador, BTC has been legal tender since September 7, 2021, but other states have not yet introduced a similar law. For years, Bitcoin has been compared to gold with increasing frequency anyway. Gold currently has a market capitalization around ten times as large …
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