ChainCatcher news, Coinbase's Head of Institutional Strategy John D'Agostino discussed the rise of Bitcoin, the reasons behind the latest surge, and whether a technical decoupling is underway on CNBC's "Squawk Box" program. He stated that Bitcoin and gold have become the two primary inflation hedging tools.

ChainCatcher news, according to BeInCrypto, Standard Chartered's Head of Digital Assets Research, Geoff Kendrick, stated in an interview that the trend of Bitcoin as an inflation hedge is strengthening. Kendrick pointed out that Bitcoin is highly correlated with the Nasdaq index in the short term.He claimed that Bitcoin may not just be an inflation hedge, but rather more like an alternative tech stock: "Instead of viewing Bitcoin as a hedge against traditional financial (TradFi) issues, it is better to see it as a tech stock. If we were to create a hypothetical index by adding Bitcoin to the 'Magnificent Seven' tech stocks and removing Tesla, we would find that our 'Magnificent Seven + Bitcoin' (Mag 7B) index not only has a higher return but also lower volatility."