Dibb added that the combination of war, supply constraints, booming commodity prices and zero rates is a textbook recipe for stagflation. While the crypto community still strongly considers bitcoin as a better store of value, past data shows the cryptocurrency is predominantly a risk-on inflation hedge, meaning it outperforms other assets when investors are willing to take risks.
Source: https://www.coindesk.com/business/2022/02/24/first-mover-americas-traders-prefer-gold-fiat-safe-havens-over-bitcoin-as-russia-goes-to-war/?utm_medium=referral&utm_source=rss&utm_campaign=headlines