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Subscriber OnlyTechnologyCryptoBitcoin’s Claim of Rivaling Gold as Portfolio Hedge Loses LusterWild swings in price, swoon in face of CPI, among setbacksCrypto regulatory scrutiny also growing, may hamper tokensGalaxy’s Novogratz Says ‘I Bought Bitcoin, Ethereum on the Dip’ByEric Lam and Ranjeetha Pakiam+FollowMay 21, 2021, 8:33 AM UTCFromFollow us @crypto for our full coverage.One-day swings of 31%. A slump amid a jump in U.S. inflation. Ever more critical regulatory scrutiny. Bitcoin delivered all of these in the past few days, undermining its claimed role as a portfolio hedge rivaling gold.
