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They'll buy it if it doesn't go up either (and doesn't go down obviously). Hedging against inflation is a huge benefit.

If it were a hedge against inflation, it would behave like a hedge against inflation, and yet it shows no similar characteristics to preexisting inflation hedges? hmmmmm

> yet it shows no similar characteristics to preexisting inflation hedges

Is that because, so far, if you were to measure since its inception, it's outperformed any other hedge against inflation?

So did tulip bulbs, for a while.

tulip bulbs aren't a gargantuan decentralized computer network

Non sequitur. That wasn't what I was replying to.

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