Inflation Hedge: Bitcoin vs Gold vs TIPS

Bitcoin was supposed to be the ultimate inflation hedge, yet it dropped 65% during the 2022 inflation surge while gold rose 10% and TIPS preserved purchasing power by design — though Bitcoin's 2023-2024 recovery complicated the narrative. Compared to gold, Bitcoin's 2022 drawdown was 6.5 times greater, and in 2023, its 155% rally far outpaced gold's 13% gain, while TIPS delivered 30% less volatility than Bitcoin over the same period.