Bitcoin also tends to lose value as inflation rises, so it's just a more convoluted way of advocating for BTC over traditional stocks.

I think it would suffer from the gold problem though, where what you are buying is _interest_ in the underlying asset. So it peaks before the anticipated inflation, and then during the inflation it actually doesn't keep up as people offload it but don't buy more. Ex- https://www.cnbc.com/2021/06/08/gold-as-an-inflation-hedge-h...

Bitcoin is extremely volatile and isn’t directly correlated with inflation, it has the same problem with inflated asset values that everything does right now.

Or ETH2 as you can stake it for 4-5% ARP of ETH which is also deflationary these days and has basically no power consumption