Bitcoin was never supposed to be an inflation hedge in the first place. 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 seems that they have confused "inflation-resistant" to "inflation hedge", they are very different concepts.
One is something whose value should be relatively stable with respect to other governments' changes in interest rates, the second is some kind of stock you can always count on going up when inflation drags the rest of the markets down. Those people should buy Google or Amazon stock instead.