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 ProQuarterly Investment Guide: Navigating the third quarter after 2022's rough start
CNBC ProThree stock market themes to play in the third quarter
CNBC ProOil prices show no signs of easing as China starts to reopen and supply worries persist