One of the things I hear most frequently from people is that, given the amount of inflation, the bitcoin narrative as an inflation hedge is “dead.”

I can understand why people reach this conclusion.

But here’s the thing?

What happened to gold?

A recent WSJ article highlighted the issue: This Should Have Been a Great Year for Gold. Here’s Why It Isn’t

Now, I’m not sure they have nailed “why it isn’t” and that’s just clickbait anyway.

But why is gold down 8%?

In the words of Buffalo Springfield, “there’s something happening here, what it is ain’t exactly clear.'“

[For What It’s Worth](https://www.youtube.com/watch?v=80_39eAx3z8)