Bitcoin has found a fresh flock of followers this year, with a number of high-profile investors naming bitcoin as a potential hedge against future inflation. The bitcoin price has more than doubled over the last 12 months, ramping up its latest rally this month and once again coming within touching distance of $20,000 per bitcoin. MORE FROM FORBES Bitcoin Has Suddenly Shot Toward Its $20,000 All-Time High But Now Might Not Be The Time To Buy-Here's WhyRicardo Salinas Pliego, Mexico's second-richest man, revealed this week he has bought bitcoin to ... [+] protect from "government expropriation." Jones was the first in a flood of big-name investors who have since named bitcoin as an antidote to stimulus-induced inflation. However, others are wary of how governments might react to the popularization of bitcoin and non-fiat currencies.

Source: Forbes November 21, 2020 01:10 UTC