CNBC Pro

With rising rates and inflation, investors are split on how to value bitcoin. Here’s why

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course's graph on February 09, 2021 in Paris, France.
Chesnot | Getty Images

Bitcoin bulls have long believed that the cryptocurrency's best use is as a hedge against inflation or a safe-haven asset in times of uncertainty.

More In Investing trends

CNBC ProGoldman picks stocks poised to benefit from the multitrillion dollar ESG opportunity ahead
CNBC ProConsider hiding out in these tech stocks during a bear market, Bernstein says
CNBC ProBack-to-school investing preview: Possible recession looms over retailers' busiest half of the year