In theory, in periods of high inflation, Bitcoin should appreciate or retain value, since there are only 21 million Bitcoins.
Obviously, the consuming public is not impressed with Bitcoin, as a currency, or as an asset.
You think Biden and the Fed Reserve wouldn’t try to destroy any investment instruments that allowed you to try to escape the USD inflation?
“In theory, in periods of high inflation, Bitcoin should appreciate or retain value, since there are only 21 million Bitcoins.”
So what about CRYPTO coin inflation? Where just anyone can just create money by creating new coins? That’s always overlooked.
I have posted repeatedly that Bitcoin has serious inherent design flaws that would prevent it from scaling out at the size needed. It was a hobbyist designed coin. Professionally engineered coins will replace it.