As Bitcoin has gained recognition among Wall Street veterans and Silicon Valley with its surge to new all-time highs in recent months, many renowned investors have increasingly turned to view the digital asset as the ideal hedge against inflation.
Recently, Bitcoin doubled its old all-time high of $20,000 set in 2017, by soaring to hit more than $41,500. It has since pulled back, trading around the $31,000-$33,000 level. Currently, it is trading at $31,605.25 on
