: Since inflation (both in the US and worldwide) keeps rising with high rates, why do deflationary assets like BTC and ETH stay the same in price / dump?
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There has long been speculation that it could be a hedge against inflation because of how the code is structured but the amount of wealth in crypto is still far too small for this to be viable.
As a hedge against inflation, it’s a chicken and egg problem. You *do not* want to use a volatile asset as a hedge against inflation because the reason why you hedge is to escape volatility.
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