What Is Bitcoin Meant to Hedge?

The conversations began on Saturday, after the cryptocurrency tanked nearly 10% — from around $70,000 to below $62,000 — following Iran’s failed missile attack on Gaza. The move inspired a few columns on Monday, including insightful ones from Fortune’s Jeff John Roberts, which put it in context of gold’s 17% rally, and Blockwork’s Casey Wagner, who looked at how gas prices tend to move during crises in the Middle East. Read more from CoinDesk’s “Future of Bitcoin” package. This is …