Bitcoin — which was designed to be resistant to inflation
Where did this narrative come from?
I haven't seen it mentioned in bitcoin paper or in any of Satoshi's comments. Show me if I've missed it but bitcoin was designed to give people financial freedom, meaning you don't have someone else's hand in your pocket to put simply.
This is why I'm always so defensive in my comments when someone calls bitcoin an "investment" or an "asset". Bitcoin is a currency, a decentralized censorship resistant one. And that's what bitcoin was designed for.
So has Bitcoin’s value as a hedge investment been overstated, or is something else going on? Let’s dig in.
Not the value, but the price. And it is complicated because we have to analyze the market an see why are people reacting irrationally. So it is basically human behavior analysis! not bitcoin analysis.