I just did a quick calculation. If the Sri Lankans had traded their Rupees for Bitcoin at the peak, they'd be down about 4% less. However, if they had bought USD instead, they'd up 73%!
Bitcoin seems like a poor inflation hedge to me.
However, it does seem to be working out well for them. Joke is on me, I guess.
https://www.aljazeera.com/economy/2022/8/15/sri-lankans-make...