Is Btc Really a Hedge Against Inflation?

Ok, many known investors and institutions were using this argument, Coinbase, Elon musk, Michael Saylor, Paul Tudor Jones... Many others even applying with lots of risk control, Ray Dalio for ex with the 1% rule in the idea... And others representing a small part of total bankroll.

However after the increasing CPI and fed hawkish, what we see is a correlation of btc with S&p and nasdaq, while gold is sustaining better with only 10% correction since previous ath, so it has a better evidence for a "reserve of value".

While that, value investor in fact likes bear markets because they are times to search for assymetrical opportunities.

Well, almost all assets were expected to have this indexing from S&p since a large part of total assets equity are in US market.

So if it gets a correction, it means that in general everyone has less money, that would affect even commodities, that after that tends to perform better on recessions. But some other assets behave invertionally, like bonds, options puts, VIX index (on short term oscilations) and other currencies like Iene are also treated like a reserve... Or even holding cash for applying later (which in fact gets downgraded by inflation, but depends if and on what is spent, Dalio keeps saying its trash lol). I really wonder if britsh american tobacco will also perform better.

I took this saying from Paul Krugman in a recently nytimes article, he is a nobel economist and has lots of macro materials.

Evidences are showing this, so we still have to observe how btc will behave after that. And if it will fill its role as a reserve when all supply gets inserted through minings and halvings (totally scarce).

But yah know, on long term it probably can behave like stocks and perform better than others assets, also due to less general market cap.