Bitcoin is inflation-protected digital gold

Jurrien Timmer, head of macroeconomic research at Fidelity Investments, in a note to clients underentitled "Understanding Bitcoin" said that Bitcoin can be considered a form of "digital gold" that can provide protection against inflation. The Block reported this.

"In my opinion, some investors may consider Bitcoin, along with other alternatives, as one of the components of the bond portion of a 60/40 stock / bond portfolio.", - he said.

Previously, such statements were made by such large investors as Paul Tudor Jones and Anthony Scaramucci, who also considered Bitcoin as an alternative to gold.

Timmer also highlighted the uniqueness of Bitcoin's limited supply:

“We know the supply of bitcoin is declining. Note, however, that gold production has been fairly stable over the years: there is no asymptote! "

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Fidelity, which manages assets onthe amount of more than $ 9.8 trillion, in 2018 launched the cryptocurrency division Fidelity Digital Assets, which is focused on institutional investors.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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