{"id":126695,"date":"2025-04-08T11:16:04","date_gmt":"2025-04-08T11:16:04","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126695"},"modified":"2025-04-08T11:16:04","modified_gmt":"2025-04-08T11:16:04","slug":"bitcoin-may-rival-gold-as-inflation-hedge-over-next-decade-adam-back","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126695","title":{"rendered":"Bitcoin may rival gold as inflation hedge over next decade \u2014 Adam Back"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin could begin to take market share from gold over the next decade as a hedge against inflation and geopolitical uncertainty, according to Blockstream CEO Adam Back.<br \/>\nSpeaking during a fireside chat with Cointelegraph managing editor Gareth Jenkinson at Paris Blockchain Week 2025, Back said rising inflation and monetary instability across global economies will drive broader Bitcoin (BTC) adoption.<br \/>\nHe compared the cryptocurrency to gold, noting its scarcity and growing recognition as a store of value despite its 30% correction from its all-time high above $109,000.<br \/>\n\u201cBitcoin has the advantage of being like gold \u2014 it\u2019s a scarce asset but also undergoing an adoption curve,\u201d he said.<br \/>\nInflation continues to plague global economies, with major currencies like the US dollar and the euro seeing their supplies rise by more than 50% over the past five years \u2014 a development that may drive Bitcoin\u2019s adoption as a hedge against monetary destabilization, according to Back.<br \/>\n\u201cEventually, that money is used to buy all the goods. So eventually they will go up by that much, particularly hard assets like housing, anything physical long term,\u201d Back said. \u201cThe inflation rate is probably 10% or 15% for the next decade, an investment return that is very hard to get with stocks or housing rentals.\u201d<br \/>\n\u201cSo there\u2019s a real prospect of Bitcoin competing with gold and then starting to take some of the gold use cases, like as a geopolitical hedge, take some of that money into Bitcoin.\u201d<br \/>\nAdam Back during a fireside chat with Cointelegraph\u2019s Gareth Jenkinson. Source: CointelegraphRelated: Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset<br \/>\nThe Federal Reserve Bank of Cleveland expects the 10-year inflation rate to average 2.18% annually, according to data published on March 12.<br \/>\nInflation projections. Source: Federal Reserve Bank of Cleveland via FREDHowever, alternative data points to a potential uptick in inflation over the next five years.<br \/>\nConsumer inflation expectations spiked to 5% for the next year and 4.1% over the next five years, a development amplifying economic concerns, according to a consumer survey from the University of Michigan published on March 28.<br \/>\nConsumers; expected change in inflation rates. Source: University of MichiganRelated: How $100K Bitcoin impacts the wealth gap in the digital age<br \/>\nBitcoin adoption aided by ETFs and policy shift<br \/>\nBeyond growing monetary instability, US-based spot Bitcoin exchange-traded funds (ETFs) and a more crypto-friendly US administration under President Donald Trump may help boost Bitcoin\u2019s adoption as a hedge against inflation.<br \/>\n\u201cUS regulators approved the ETFs, finally, and the current US administration under Trump is removing a lot of negative regulation that was intended to slow down crypto adoption \u2014 like Operation Chokepoint 2.0,\u201d Back said.<br \/>\nBack argued that Bitcoin adoption among private investors should precede institutional or governmental accumulation:<br \/>\n\u201cI prefer that those people buy Bitcoin ahead of governments because as soon as governments buy, it\u2019s probably going to create a wave of other governments competing with them.\u201d<br \/>\nSource: Margo MartinOn March 7, President Trump signed an executive order to create a Bitcoin reserve seeded with Bitcoin seized from criminal cases, a move that industry leaders have called a major step toward integrating Bitcoin into the traditional financial system.<br \/>\nMagazine: Bitcoin heading to $70K soon? Crypto baller funds SpaceX flight: Hodler\u2019s Digest, March 30 \u2013 April 5<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-may-rival-gold-as-inflation-hedge-adam-back?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin could begin to take market share from gold over the next decade as a hedge against inflation and geopolitical uncertainty, according to Blockstream CEO Adam Back. Speaking&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126695"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126695"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126695\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126695"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}