Crypto is an imperfect hedge against inflation

Good bet?: The advantages of cryptocurrencies over traditional finance skyrocket in times of war and financial conflict, says the writer. – Reuters

I began my Wall Street career in the early 1980s, and that’s the last time I remember investors being as concerned about inflation as they are today.

Back then we understood inflation had been triggered by the abandonment of the gold standard in 1971, supply-side shocks such as the 1973 oil embargo, misguided monetary policy and perverse government policies like controls on interest rates, wages and prices.