[imtringued]

>hedge against inflation

If an asset is an inflation hedge and it goes up faster than inflation, there is a risk that it will go down eventually to match the inflation rate. This is true for gold. Pretty much nobody believes this for Bitcoin, everyone expects Bitcoin to exceed inflation over the long term.

Even if you ignore the above in general Bitcoin is a poor asset (downgrade from hedge) against inflation because it doesn't care about inflation. It's highly volatile which means it can go down while inflation is going up, which is the exact opposite of what you want from an inflation hedge.