Bitcoin: Between Inflation and High Rates, Yield Under Pressure

Inflation is pushing many investors to seek assets capable of preserving their purchasing power in the long term. Bitcoin holds a special place in this debate thanks to its limited supply, capped at 21 million units. However, holding this asset does not guarantee a positive return. Borrowing costs, forgone income, and derivative fees can reduce gains. When rates remain high, these expenses become a determining factor in assessing the true profi…