Bitcoin could potentially rival gold as an inflation hedge over the next decade, as highlighted by Blockstream CEO Adam Back during a fireside chat at Paris Blockchain Week 2025. Back emphasized that Bitcoin’s scarcity and increasing recognition as a store of value, despite a 30% correction from its peak above $109,000, position it favorably against gold. With rising inflation and monetary instability globally, Back foresees broader adoption of Bitcoin (BTC) as a hedge. Major currencies like the US dollar and the euro have seen supplies surge by over 50% in the past five years, prompting interest in Bitcoin as a safeguard against monetary upheaval. The Federal Reserve Bank of Cleveland projects an average annual inflation rate of 2.18% over the next decade, but consumer surveys indicate expectations of higher inflation rates in the near term. The potential for Bitcoin to compete with gold is further supported by the approval of US-based spot Bitcoin exchange-traded funds (ETFs) and a more crypto-friendly US administration led by President Donald Trump. Back stressed the importance of private investors leading the way in Bitcoin adoption before governments, as institutional or governmental accumulation could trigger a domino effect. President Trump’s recent executive order to create a Bitcoin reserve using seized assets has been lauded as a significant step towards integrating Bitcoin into the traditional financial system. Overall, the stage is set for Bitcoin to establish itself as a formidable inflation hedge and potentially challenge gold’s supremacy in the years to come.