As the quest for global adoption of digital currencies due to the high rate of inflation in traditional papers money keeps surging, attention has been shifted to cryptocurrency as the hedge against the inflation and economic recession that is ravaging the global economy,
And those of us who are early to adopt Bitcoin and seek to build knowledge as regards the technology is seen as the most smartest set of people among the general public.
Btc is gaining more attention now than before no doubt, but it doesn't seem that people crypto or btc is been used as a hedge against inflation as you have described otherwise the market will react differently especially with the high inflation rate, instead the price of btc keeps dropping and this is because people are selling their coins to fiat despite the inflation.
But one of the major set back against Bitcoin's global image is the presence of other coins who are centralized and highly vulnerable in term of volatility rate and price stability occasion with uncertain events that happens within other centralized cryptocurrency platform.
Even with all this, Bitcoin have remain untouched and it users are the only one who are safe in this time of crisis most especially those who store they bitcoin in their private wallets.
So in conclusion: Bitcoin is the blanket cover for what cryptcucrency and digital currency stand for and only those that hold Bitcoin should be seen as the smart people, not those holding and gambling with shitcoins.
yeah, can't deny that the recent bad news happening about the centralized projects has impacted btc negatively directly or indirectly. However, I can't say they are the major setback for btc global adoption because as it is, only a few of the many centralized coins in the market are known to the top players. Centralized coins can not stop btc from gaining global recognition.