Cryptocurrencies (Bitcoin in particular) have gone sky-high over the past 6 months.Gold, a traditional inflation hedge and safe haven, has not.Some investors are saying that Bitcoin (BTC) is now a better inflation hedge than gold.This is wrong for two reasons: (1) high inflation is unlikely to happen, and (2) cryptos are too volatile to be considered a hedge against anything.Bottom line: don't justify your risk-taking by claiming it's a risk hedge. It isn't.
