The post Crypto Not an Inflation Hedge, Says S&P appeared first on Coinpedia Fintech News
S&P Global Ratings Agency recognizes crypto’s appeal as an inflation hedge but lacks data, notes emerging market adoption. Crypto assets could store value in inflation or high rates, but their short record makes it tough to prove. Weak correlation between Bitcoin and the US inflation projections.
Crypto, inc.DeFi is an alternative to fiat banking, data shows the agency’s index correlated with the US 2-year and 10-year inflation up to 0.10 with no clear pattern in S&P BDMI returns, as per the agency. 0.75 correlation confirms crypto as an inflation hedge, breakeven inflation rates from bond yields predict inflation.
Source: https://coinpedia.org/crypto-live-news/crypto-not-an-inflation-hedge-says-sp/