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Does Bitcoin’s Rally Vindicate the ‘Inflation Hedge’ Thesis – or Is Risk Back on the Menu?

Two views on why bitcoin's price rose by so much this month amid bank runs and uncertainty on whether the Federal Reserve will raise interest rates.

The Federal Reserve building in Washington, D.C. (Helene Braun/CoinDesk)
The Federal Reserve building in Washington, D.C. (Helene Braun/CoinDesk)