Yeah, you’d think higher inflation would push people toward Bitcoin since it’s anti-inflationary, but markets don’t always move that clean. In the short term, Bitcoin still trades like a risk asset. When inflation data comes in hot, investors start worrying the Fed will hike rates or keep them high, and that usually means risk-off across stocks and crypto.
Long term though, you’re right, Bitcoin was built exactly for times like this. The short-term traders dump on headlines, but the real hedge value of Bitcoin shows up over years, not days. That’s why hodlers don’t stress these dips.