#Bitcoin Becomes a Currency Hedge Tool#

Recently, the discussion of Bitcoin as a hedge tool has intensified. BlackRock CEO Fink believes that Bitcoin can effectively counter currency depreciation and economic instability, and he predicts that its price may reach $500,000, $600,000, or even $700,000. He argues that Bitcoin can overcome concerns about local currency instability, indicating its potential value in dealing with inflation and economic fluctuations. However, Goldman Sachs CEO Solomon has a different view, arguing that Bitcoin poses little threat to the US dollar. This indicates a divergence in market sentiment toward Bitcoin as a hedge tool, with some seeing its potential to counter inflation and economic instability, while others believe its threat to the traditional monetary system is limited. The effectiveness of Bitcoin as a hedge tool remains to be further observed and validated in the future.