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Is cryptocurrency a good hedge against inflation: What you need to know
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Cryptocurrencies are increasingly being seen as a store of value and hedge against rising inflation.
PHOTO: REUTERS
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SINGAPORE - Cryptocurrency reached a tipping point in 2021, evolving from a niche investment to a "global, established asset class", according to findings in a report by crypto exchange Gemini.
Cryptocurrency market capitalisation almost hit US$3 trillion (S$4.1 trillion) last year, with tokens like Bitcoin touching a record high of over US$65,000. That makes crypto the best-performing asset class of the past 10 years, Gemini said in the report released on Monday (April 4).
