There’s still room for it to become an inflation hedge, we still havnt really seen much in terms of USD inflation and people scrambling for the exit.
OTOH, government crackdowns might be able to tank the price.
OTOH, government crackdowns might be able to tank the price.
Bitcoin is no more an inflation hedge than gold is, which it is not:
* https://www.nber.org/papers/w18706
* https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3667789
and both are something worse, deflationary:
* https://www.nber.org/books-and-chapters/financial-markets-an...
* https://www.goodreads.com/book/show/775143.Golden_Fetters
Gold did not help in stabilizing currencies or economies:
* https://archive.is/https://www.theatlantic.com/business/arch...
and neither would Bitcoin.