Validus Power Corp Executive Director of Strategic Initiatives: Bitcoin Is a Hedge Against Monetary Inflation

At the Bitcoin Amsterdam conference on Oct. 12, Cointelegraph spoke with Greg Foss, executive director of strategic initiatives at Validus Power Corp, on whether crypto and Bitcoin, in particular, is a viable inflation exit strategy. "In my opinion, it is 100% a hedge to monetary inflation. What other solution is there? I don't see any." However, Foss highlights the digital currency as a hedge specifically against monetary inflation rather than a consumer price index (CPI) hedge. Although the two are correlated he says: "Bitcoin has not performed as a pure CPI hedge, because monetary ease has been withdrawn from the system. It's what's caused all of our stocks to fall."