Turmoil With The British Pound Only Strengthens Bitcoin’s Hedge Appeal
Crypto’s biggest critics often argue that fiat currencies offer much more stability, security, and reliability than purported ‘digital assets.’ However, evidence shows that as traditional financial markets continue to suffer, crypto-assets like Bitcoin quickly become the preferred hedge of choice for investors and citizens alike. Over the fall, global news outlets continue to focus financial-based reporting on the shaky British economy and the economic fallout based on the death of Queen Elizabeth II, the swift departure of Prime Minister Liz Truss, and the appointment of Rishi Sunak as PM in a matter of several weeks. A Falling British Pound Has