Simon Gerovich, CEO of Metaplanet, said that Bitcoin is a critical tool for preserving wealth in both high-inflation and low-inflation environments. The head of Metaplanet, a publicly traded company based in Japan, stated that individuals, especially in countries experiencing high inflation, need Bitcoin to protect their savings in the face of the collapse of local currencies and capital controls. Those living in low-inflation countries are similarly at risk, according to Gerovich, as investors in these countries can lose purchasing power due to unseen currency depreciation and negative real interest rates. Emphasizing that Bitcoin was designed to maintain its value in the long term, Gerovich stated that this feature also enables the transfer of wealth between generations. The CEO emphasized the universal importance of the digital asset, stating, “Everyone needs Bitcoin.” He argued that Bitcoin, thanks to its limited supply and decentralized structure, serves as a safe haven against both economic crises and monetary policy risks. Gerovich stated that Bitcoin should be evaluated not only on its short-term price movements but also on its potential for long-term value storage. *This is not investment advice. Continue Reading: Bitcoin Supporter Metaplanet CEO Declares BTC as Inflation Hedge! Here Are the Details
Brazil registers 43% rise in crypto activity
