Bitcoin was never supposed to be an inflation hedge in the first place.
False.
It is an objective and verifiable fact that Bitcoin has been the best performer in beating inflation since its inception.
That was an idea built by influencers and speculators in the last years. What Bitcoin was supposed to be and is now becoming is a P2p uncontrollable payment network across the globe.
It is not incompatible. Bitcoin is used as a currency and is also an inflation hedge, as happened in the past with gold. What happens is that I doubt it will maintain both characteristics in the long term, as people tend to spend the garbage coins and save the good coins (Gresham's law).