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Opinion: more companies will invest in bitcoin to hedge inflation risks

ARK Investment Management chief Katie Wood believes that in the future, more tech companies will store part of their reserves in bitcoin. She stated this in an interview with Yahoo Finance.

Big companies plan to follow Square’s lead and start investing in the first cryptocurrency to hedge inflation risks, Wood said.

“I think more and more companies will start using this type of hedging, reflecting it in the balance sheet. Especially technology companies that understand this and are comfortable with cryptocurrencies, ”added the head of ARK Investment.

COVID-19, Fed Printing Press and Uncertainty: Why It’s Time to Pay Attention to Bitcoin

Recall that the Bank of Singapore said that bitcoin can compete with gold as a store of value.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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