I've been trying to understand Bitcoin’s role in today’s economy. Many people describe it as a hedge against inflation, but with its frequent price fluctuations, I sometimes wonder how reliable that claim is.
You seem to be worried about BTC's volatility, nobody is going to deny that BTC is volatile, but in its volatility it obviously beats inflation. I don't know what country you live, but imagine holding your country's fiat or BTC for the last decade, it is obvious which of them lost its purchasing power and which outpaced inflation. If it is BTC's volatility that worries you, and you'd prefer assets that beat inflation, but are not so volatile, then you can buy gold.
So far I think Bitcoin is an asset that functions as a hedge. On the one hand Bitcoin is very volatile but overall from year to year the value of Bitcoin often increases and even beats inflation. In my country the government claims inflation is only 3-4% per year. But if you look at the price of basic necessities in the market, inflation is around 10-15% per year. This means that assets with returns below 15% will lose to inflation. So far Bitcoin has been able to provide an average return of up to 30% per year. Although there were some moments where someone bought Bitcoin in 2021 for $ 60k but in 2022-2023 the value of Bitcoin was around $ 20- $ 30k. Yes Bitcoin can be a hedge for the long term and you can withdraw some of the profits. But still don't put all your wealth in Bitcoin. Set aside some for stocks and gold, especially gold.