In theory, Bitcoin can be used as a hedging tool for major inflation and depression scenarios such as gold. The reason is simple because it is digital, easy to access, speculative, strong liquidity, scarce and limited supply.
At some point, if the amount of Bitcoin available is less than the demand, then in terms of value, the price of each BTC unit should increase.
Therefore, in addition to possible inflation, hyperinflation and depression, Bitcoin has at least played a balancing role.