More billionaires on Wall Street are investing in Bitcoin as a hedge against inflation and are moving away from government bonds, according to a report by Forbes. Prominent figures such as BlackRock CEO Larry Fink view Bitcoin as a modern alternative to gold that can protect against inflation. The decision is prompted by concerns over inflationary government policies, increasing national debt, and the limited supply and independence of Bitcoin from government control. Analysts see this shift towards Bitcoin as a sign of growing confidence in the cryptocurrency, although its long-term position as an inflation hedge remains uncertain.



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