Bitcoin, with the pending introduction of Bitcoin futures is more and more similar to investing in gold.
Bitcoin does function as a safe heaven, as during the Russian Ukraine tensions many Russians and Ukrainians and people globally used Bitcoin to transfer and store wealth. As already shown Bitcoin functions as means of transfer of wealth.
In the current high inflation environment Bitcoin is doing very well, which shows it can function as an inflation hedge, similar to gold. And thus hedge money printing by global central banks.
In short, Bitcoin is slowly turning into a viable investment alternative to gold. At first. Later may be as a full fledged alternative to money.
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