Yes, inflation can affect Bitcoin. Inflation refers to an increase in the general price level of an economy and is usually associated with an increase in the money supply. Therefore, high inflation rates can cause currencies to depreciate in value and increase the prices of goods and services.

As Bitcoin is a decentralized digital asset, it is not controlled by any central government or financial institution and its money supply is limited. Bitcoin can therefore provide a hedge against inflation.

However, in countries where price levels are high, people may have less capital to invest in Bitcoin, which could affect demand in the Bitcoin market.

In short, anything that affects human life can affect the price of bitcoin, because even though bitcoin appears to be a decentralized currency, the center of bitcoin is all the people who use it and their capital.