For a “hedge against inflation” bitcoin is not performing as advertised.
Maybe it will at some point, but this isn’t confidence inspiring.
I began to get very skeptical of cryptos when you started to see a new cryto-currency flavor every week.
The only hedge now against inflation is stacking real money.
None of this fiat and no BTC or similar non-ISO20022 crypto.
The only ‘money’ authorized by the Constitution - physical coin. That money, in the short run, is being artificially held down extremely low because the banksters and traders make enormous profits with pump-n-dump paper metals, whose price is diabolically tied to the physical.
The banks are deliberately driving it down, dumping it, rebuying at the lower price, dumping again, and repeat. The reason is to chase everyone else out of it so they can own it all. Then the value will skyrocket.
Large financial institutions are trading BTC now....(not just your “Average Joe”)...and they treat BTC like a “risk on” asset (it is basically tracking the NASDAQ lately)...”AverageJoe” knows that BTC is an alternative to the deflating USD...but not enough Average Joe holders (HODL’ers) compared to Blackrock, etc. traders I guess.