I don't need to present any evidence.  You can decide for yourself. 

You realize the level of adoption for bitcoin remains quite low, even compared with gold in terms of financial vehicles being available for regular investors.

How the fuck are traditional investors going to hedge into bitcoin when there are not too many investment vehicles?  10 or 20 years from now, there are likely to be a lot more tools available in bitcoin, but still does not mean that bitcoin is neither a hedge or a great long term play, even if there remains excessive volatility during the short term and even excessive manipulation because bitcoin is way the fuck easier to manipulate or move the price than traditional markets, including selling or even shorting is going to have greater effects with smaller amounts of capital.  Furthermore, even as longer term bitcoin hodlers, we are not even likely aware of the various ways that the price can sometimes be played around with behind the scenes or even the extent to which the Plustoken dumping evidence is true and all that kind of bullshit that goes on behind the scene in order to attempt to take advantage (and profit) from short-term momentum.. downward as that may be..

By the way, I got into bitcoin in late 2013 with the idea that bitcoin was going to serve as a hedge for me, and even some uncertainties about how that was playing out in the short term, especially 2014 and 2015.. but it seems to have been serving as a decent hedge, and my initial investment timeline was 1-2 years minimum, but ended up expanding to much longer as we see. 

Currently, I suggest that anyone getting into bitcoin should be prepared to have a minimum of a 4 year investment timeline and of course, circumstances are going to vary, but holding and investing through at least 2 halvenings (including the supply constraining effects  for 1-2 years after the halvenings) should be able to demonstrate bitcoin hedging effects in a kind of longer term time horizon.

If you, nutildah, are requiring evidence of hedging effects on a short term basis, including panic periods like this, you seem to be devolving into quasi-nutjob status... bring back the real nutildah... I insist!!!!!!!!