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Bitcoin is new gold for millennials, Wharton’s finance professor says
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Bitcoin (BTC), the world’s most-valued cryptocurrency, has replaced gold as an inflation hedge for young investors, according to Wharton’s finance professor.
Gold’s performance was “disappointing” in 2021, Wharton School’s finance professor Jeremy Siegel said in a CNBC Squawk Box last Friday.
On the other hand, BTC has been increasingly emerging as an inflation hedge among younger investors, Siegel argued:
Siegel has also reminded that older generations witnessed how gold soared during the
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