Words of Praise for Bitcoin from Giant Investment Firm Jefferies: It Can Protect Against Inflation!

Jefferies, a leading global investment firm, evaluated in its latest report what strength Bitcoin could demonstrate against inflation.
Jefferies Believes Bitcoin Should Be in the Same Bag as Gold
Recently, Bitcoin (BTC) has been receiving increasing support from traditional financial institutions, seeing it as a hedge against inflation and an investment opportunity. This support emerged at a time when Bitcoin was struggling to find a spark that would trigger the next bull market.
In keeping with this trend, Jefferies, a leading global investment firm, has become the latest to endorse Bitcoin as a “critical hedge” against potential monetary policies that could devalue fiat currencies and lead to a resurgence of inflation.
In a note sent to investors on Wednesday, October 4, the firm emphasized that Bitcoin's unique properties put it in the same league as gold and is seen as a reliable inflation hedge.
Christopher Wood, Head of Global Securities Strategy at Jefferies, stated that the major G7 central banks, especially the Federal Reserve, may be trying to smoothly exit their extraordinary monetary policies. Wood emphasized that failure to exit these monetary policies could lead to a decline in the dollar, which would benefit Bitcoin holders.
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