Can bitcoin help Indians hedge against rising inflation? ...Middle East

Quartz - Economy
Can bitcoin help Indians hedge against rising inflation?
source : Quartz ( Middle East ) () 9
So far, Indian investors may have flocked to cryptocurrencies in the hope of windfall returns or out of curiosity. But soon, they may be in for some real economic benefits from these bets, especially given the country’s economic environment.Investment in bitcoin, the most popular cryptocurrency, can work as a hedge against inflation, according to many fans of the digital coin. The argument, which was first made by bitcoin’s anonymous creator Satoshi Nakamoto in 2008, has been widely debated over the years. And while there is no definite proof of the hypothesis yet, there’s a reason why Indians may be curious about it right now.Consumer price inflation in the country has remained higher than

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