Cryptocurrency and precious metals proponents are well-known for boasting about the ability of Bitcoin (BTC) and gold to serve as a hedge against government-induced inflation. According to one analyst, the performance of these assets is directly related to a sustained increase in money supply, but a ramp-up in the money supply is required to really prove the store-of-value argument In a recent post on X, Jurrien Timmer, the director of global macro at Fidelity, said that sustained increases in money supply, which has been the case for the last several decades, tend to produce inflation and supports the thesis that ... (full story)