Is Bitcoin a hedge against inflation?

The rapid growth of Bitcoin over the past year has made investors see in it the potential to beat inflation. So, instead of putting their money into gold or realty, many of them are entering the cryptocurrency industry.

While some want to book profits, others see a quick way to grow their wealth. Still, there are others who see it as a store of value. But most of them would agree that cryptocurrency, especially Bitcoin, is a great hedge against inflation. That is when inflation rises, the value of money depreciates.