Is Bitcoin an Inflation Hedge?

Stephen O'Brien: There's been this kind of view of bitcoin as an inflation hedge. And so obviously, c p i in the us goes up to in o nine % and Bitcoin goes down. But contrary to popular belief, i don't believe that bick coin failed as an inflation Hedge. I think it will do it in the future, but i think it has functioned as one today. It responded better to the monetary expansion than basically any other asset,. certainly any other asset class, anything significant. Inflation really is the expansion of the monetary supply. This is actually how it was historically defined. So if we define inflation just as like c pi, like consumer price increases