Bitcoins Reputation As An Inflation Hedge Still Holding Strong In Investor Circles

Bitcoin's reputation as an inflation hedge is being reinforced by recent actions from investors. GameStop CEO Ryan Cohen stated he views Bitcoin as a hedge against inflation and global money printing. GameStop currently holds over $513 million worth of Bitcoin. The company may purchase more BTC depending on the price. Strategy, a leading treasury company co-founded by Michael Saylor, recently purchased an additional 4,225 BTC for $470.50 million, at an average price of $111,827 per coin. Strategy now holds over 601,550 BTC, acquired for around $42.87 billion at an average cost of $71,268.