Is bitcoin a good inflation hedge?

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Digital money has received a lot of attention from investment professionals as a tool for investors to protect themselves against inflation.
When inflation rises, as it does now, the value of money in a savings account decreases over time. With the passing of time, we are able to purchase fewer products and services with the money in our bank accounts.
Government bonds and gold, for example, are regarded as “hedge” investments because they either preserve more of their value over time than cash or are not impacted by falls in other sections of the economy.
That's why so much long-term investing advice focuses on shifting money out of our bank accounts and into equities and shares, as well as assets like bitcoin, that may rise in value over time.
The pledge that no more than 21 million bitcoins will ever be generated is written into the bitcoin code. As a result, rather than being an inflationary currency like the pound or the dollar, some experts claim that bitcoin is deflationary, gaining in value only with the passage of time.
Of course, if governments decide to regulate bitcoin particularly against it, the deflationary argument in favor of it collapses. India, for example, has suggested a ban on cryptocurrency trading, implying that anybody discovered having digital assets of any type would face sanctions.
One of the reasons why so many investors dismiss bitcoin and cryptocurrencies in general is the regulatory ambiguity surrounding it.

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