Wouldn't gold or silver be a better way to hedge?  That's what people usually buy if they're looking to preserve buying power.  Bitcoin's volatility alone makes it not such a good choice for that purpose.
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In Venezuela you can buy a house with an ounce of GOLD, and you can eat for MONTHS for an ounce of silver.  Not is Gold and Silver only a hedge, its value SKYROCKETS in cases of hyperinflation like is happening in Venezuela.

Gold and Silver have outperformed Bitcoin in Venezuela thousands of times over. 

So you are VERY WRONG saying Gold is just a hedge in Venezuela, it is a way to be extremely wealthy in that environment.

Hard Facts