Bitcoin is an asset, and like other assets could be used as an investment, this is the best way I like people to view Bitcoin, not as a hedge/counter against inflation, or else it might break the heart of many during the bearish season.
Economists have now started adding the clause that asset has their gaining moments and losing moments as well, and at times, when the investor needs the money might be the bearish times, so the gain is not guaranteed. Imagine those who purchased Bitcoin with this inflation-countering mentality in 2021 and needed the money for a crucial project this year. Their lot is obvious even without saying further as they might have lost half of their money by now.
The inflation peg mentality might work in the long term (even though we're still all hoping, there is no guarantee), we should learn how to manage our risks in Bitcoin, people also lose via it.
I agree with you on this if we are talking about the short term. Many people still say that bitcoin is a good hedge against inflation, but they don't know that bitcoin's short-term volatility would break our hearts if we relied solely on bitcoin to deal with inflation. For example, for those who bought bitcoin for $40k and at the current price, will bitcoin help them fight inflation or make them worse?
But in the long run, with scarcity and demand still rising, bitcoin is truly an inflation-proof asset and could outperform gold because its price increases more than gold.