Bitget CEO: Bitcoin Has Become the Modern Gold Against Fiat Currency Depreciation
According to Odaily, Bitget CEO Gracy Chen stated in an interview with Forbes that amid increasing global monetary policy uncertainty and the pressure of a weakening US dollar, investors are accelerating the reallocation of their assets. She emphasized that capital is flowing into value-preserving assets, and this trend is no longer limited to traditional tools such as physical gold or gold ETFs. Bitcoin is increasingly being regarded as a modern hedging tool on par with these assets, becoming an option for investors to hedge against fiat currency depreciation and seek asset safety.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Adidas achieves record revenue in the third quarter, with Greater China growing by 13%, signaling channel expansion
Adidas has continued its growth momentum in the Chinese market, with channel partners beginning to show a stronger willingness to expand stores. On October 29, Adidas released...
The Bank of Japan keeps its benchmark interest rate unchanged at 1.25%, warns of increasing risks of inflation overshooting, and maintains a gradual rate hike stance.
The Bank of Japan stated that core inflation has reached a level consistent with its price target and is expected to remain around this level. Medium- and long-term inflation expectations are maintained at approximately 2%. The central bank also emphasized the need to pay special attention to the risk of inflation deviating upward and becoming a reality.
User growth hits record high in Q3, but revenue "loses steam": Citi maintains neutral rating on Pinterest (PINS.US)
Pinterest's Q3 revenue and profits fell short of expectations, with weak monetization in Europe dragging down guidance. Citi maintains a neutral rating with a target price of $27.
Crypto prices
More
