[dragontamer]

> If the amount of money available goes up, then one would expect that the price of other things, all else held equal would also go up

And if the amount of money available goes down for 18 months... then what?

https://fred.stlouisfed.org/series/WM2NS

An "inflation hedge" goes up when inflation is up, and down when inflation is down. But in practice, BTC is closer to down when inflation is up, and up when inflation is down.

[datadata]

It isn't a perfect inflation hedge, no one is claiming that. You are cherry picking a single interval where the correlation is negative. If you zoom out, you'll find that the correlation is mostly positive. Past correlation is also not predictive of future results.