Despite bitcoin’s tumultuous year, the world’s largest digital asset proved to be a reliable hedge against inflation. And a number of Liberal MPs own it.
from CoinDesk Indicies would have also netted positive after inflation, with CCYS up 14.8% on-year and CCY up 13% on-year. Bitcoin makes up the majority of the weighting of CCYS, while CCY has a broad selection of large-cap digital assets.
However, there are plenty of tokens that are significantly down over the same time horizon. Metaverse tokens, such as Decentraland’s MANA, and Axie Infinity’s AXS plunged 65% and 70%, respectively. Meanwhile, Binance-linked BNB is down 30% and ether has slumped 8%.
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