Take bitcoin for example, the world’s most established and well known cryptocurrency

Sudbury argued that investors, given the current environment of rising inflation, should be looking at ways to protect their wealth from currency debasement.
One way of doing that is to invest in cryptocurrencies such as bitcoin, the increasingly popular Ethereum, or perhaps one of 900+ other digital currencies which are now estimated to have been created. The theory is that, by having a fixed supply (or known rate of new coin creation), cryptocurrencies are able to hold their value better than fiat currencies (such as the pound, dollar, euro etc.) which can have their supply increased in an instant by the actions of central banks and governments.
However, over the past few years cryptocurrencies have become much more than an inflation hedge. Take bitcoin for example, the world’s most established and well known cryptocurrency. Seven years ago today one bitcoin (XBT) was being valued at just 7 US cents. As I write that value has gone up to just short of $4,131 – a gain of 5,901,328%. In other words, someone buying just $16.95 of bitcoin back in August 2010 would now be worth a million dollars!