BlackRock’s Head of Thematic & Active ETFs, Jay Jacobs, recently noted that Bitcoin is a “potential hedge against geopolitical and monetary risks”. By now, most people are aware that central banks’ ability to tamper with the money supply brings many moral hazards, from record-breaking budgetary deficits to inflation as an extra layer of taxation to cover those wild spending sprees.

Interesting perspective on Bitcoin as a hedge in uncertain times. Central bank policies do raise concerns about inflation and fiscal responsibility. Diversifying into assets like Bitcoin could be a way to mitigate these risks.