Adam Back, CEO of Blockstream, discussed the potential of Bitcoin to compete with gold as a hedge against inflation and geopolitical uncertainties during Paris Blockchain Week 2025. He suggested that inflation rates might soar to 10% or 15% over the next decade, presenting a challenging landscape for traditional investments such as stocks and real estate. Back highlighted Bitcoin’s scarcity and increasing acceptance as a store of value, despite its volatility. He noted that major currencies like the US dollar and euro have seen significant supply increases, potentially driving investors towards Bitcoin as they seek to protect against monetary instability. Additionally, the recent approval of Bitcoin exchange-traded funds (ETFs) in the US and a more crypto-friendly regulatory approach under President Trump may further encourage adoption. Back emphasized the importance of private investors accumulating Bitcoin ahead of government interventions, suggesting that this could create a competitive environment among nations regarding Bitcoin holdings.

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