Bitcoin has been around for 12 years. Its value skyrocketed when CPI was sub-2%. Its value halved the first time CPI rose above 4%. How long are we supposed to "wait and see" if it's a hedge against inflation?
Bitcoin lost half its value in the same month pundits start to see inflation returning. An asset that *loses* value when there's inflation is not a hedge against inflation.
-
-
This Tweet is unavailable.
-
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.