Analyst: It would make sense for Amazon to keep a “small portion” of its cash in Bitcoin

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PANews
11 hours ago
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PANews reported on December 22 that, according to The Washington Post, Morningstar analyst Dan Romanoff said that while gold is generally considered the best hedge against inflation, Bitcoin may be a more useful inflation hedge tool. Over the past five years, both the prices of Bitcoin and gold have risen above inflation, but the increase in Bitcoin has been relatively much larger. Dan Romanoff believes that although there is not much historical data on the performance of cryptocurrencies in different economic cycles, a small investment in Bitcoin could be reasonable. He added: "If Amazon were to hold a small portion of its cash in Bitcoin, that would seem fairly reasonable."

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