> Bitcoin was a saviour for many ordingary folk in Venezuela during the hyperinflation crisis. During a hyperinflation crisis everything that isn't money appre

> Bitcoin was a saviour for many ordingary folk in Venezuela during the hyperinflation crisis. During a hyperinflation crisis everything that isn't money appreciates rapidly by definition. This means the often touted usefulness of bitcoin as "inflation hedge" is rather meaningless, because literally any asset that isn't money is an "inflation hedge". The shoes that I'm wearing right now are an "inflation hedge" just as good as bitcoin. In fact they're a better inflation hedge than bitcoin because their price is more predictable.