Then, respectfully, you don't know anything about bitcoin.
A study:
"During the recent COVID-19 pandemic, many commonalities shared by Bitcoin and gold raise the question of whether Bitcoin can hedge inflation or provide a safe haven as gold often does. By estimating a Vector Autoregression (VAR) model, we provide systematic evidence on the relationship among inflation, uncertainty, and Bitcoin and gold prices. Bitcoin appreciates against inflation (or inflation expectation) shocks, confirming its inflation-hedging property claimed by investors."
I don't personally think of bit as anything more than a box of air. Its not tied to anything real and runs in fevered, FOMO markets until someone makes a scary tweet and the seams start coming apart.
But a lot of discussion floated bit as a haven in inflationary periods (inflation being a monetary issue). There were a ton of paid influencers (often pretty girls by a pool drinking tropical drinks) hyping the "new freedom" lifestyle.
In the long run bit isn't a store of value - its balloon that always goes up and then crashes - hazard of not being tied to anything. If Elon posts "Bit is ready to soar!" then it will go up. If he posts "Bit sucks!" it will go down.
The balloon chatter is rising again
Wall Street Billionaires Turn to BTC as Inflation Hedge, Moving Away from Bonds: Forbes
In a notable shift within the financial elite, more Wall Street billionaires are turning to
Bitcoin (BTC) as a hedge against inflation, moving away from traditional government bonds. According to FORBES prominent investors, including
BlackRock CEO Larry Fink, have expressed growing confidence in Bitcoin’s potential to safeguard their portfolios amidst concerns over U.S. monetary policies and escalating national debt.
Wall Street Billionaires Turn to BTC as Inflation Hedge, Moving Away from Bonds: Forbes In a notable shift within the financial elite, more Wall Street billion
bitcoinworld.co.in