Bitcoin's supply can't be inflated the way dollars can, which is why many people hold it as a long-term hedge. But its price swings far more than prices at the store do, so it hasn't tracked inflation month to month.
Go deeperNew bitcoin are issued on a fixed schedule that halves about every four years, and the total stops at 21 million. Dollars can be created by central banks and through lending. Supporters see that difference as Bitcoin's whole point. Skeptics note that when US inflation spiked in 2022, Bitcoin's price fell sharply, so it didn't act like a simple hedge. Whether it works as one over decades is still being tested.
Last checked Oct 7, 2026