It's not actually inflation that's causing Bitcoin's decrease/fall in price. It's the actions of the FED against inflation which is causing a recession. The FED is tightening and raising rates, pulling out liquidity from the economy, which lowers demand and causes a bear market.

It may be a mistake, my mistake, to say that Bitcoin is a financial hedge against inflation. Because it might not be financial. The more I understand, I believe Bitcoin is a hedge against the cabal behind the FED. If they break the current financial system with all their policies and manipulation, Bitcoin will remain and keep chugging along producing block after block.