Investor strategy questioned as Bitcoin surges near record highs amid inflation fears

Mark Battersby
clock • 2 min read

Investors are taking a "highly risky strategy" by piling into crypocurrency as an inflation hedge, according to Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. Streeter said: ‘'Bitcoin is bouncing higher again, close to all-time highs fuelled by expectations that the era of cheap money looks set to hang around for longer, while inflation is expected to keep ticking up." It jumped by more than 7% over the last 24 hours above $66,300 to fall back a little to $65,906 as at 10.20am, 8 November.  JPMorgan's digital strategy analyst Nikolaos Panigirtzoglo...

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