Is Bitcoin a Good Inflation Hedge?

As the world's most valuable cryptocurrency, Bitcoin (CRYPTO: BTC) has been one of the best financial assets to own, skyrocketing over 4,700% over the past five years. The S&P 500, by comparison, has increased 113% during that time. 

In addition to the possibility of massive capital appreciation, investors might also turn to Bitcoin as an inflation hedge. This topic has not garnered more attention in recent memory than it is right now. But is Bitcoin really an effective portfolio addition to protect against rising prices in the economy? 

Read on to see what I think. 

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Source Fool.com