Bitcoin is also important as a reserve of value to protect against inflation. It is both.
Eh, generally it isn't a good investment vehicle or an inflation hedge. It's easily affected by fiscal policies and the financial markets. The only good inflation hedge is probably precious metals. People associate Bitcoin with digital gold mostly because it is valuable.It cannot be denied that gold is still the best inflation hedge because it is almost unaffected by economic instability and is even beneficial when people always turn to it when the economy is unstable.
Bitcoin is very sensitive and can have strong volatile due to fiscal policies or the financial markets as you said. However, those are just short-term volatile, but if we zoom out and look at the bigger picture in the long term. I think bitcoin is still a good inflation hedge.
Looking at the chart, we see that bitcoin's growth rate is impressive over the long term, and if we think it's not a good inflation hedge, that's not fair to bitcoin.
