Bitcoin is no hedge, that's the fact everyone needs to accept.
There's no such thing as being an hedge in the long term, because the only reason people seek a hedge is because they want to protect their value and live comfortably, so if it can't hedge against the inflation now, then it fails and people will live above their means anyways, this is what majority do not understand.
In the long term, bitcoin simply appreciates in price value, that doesn't mean it hedged shit.