How does Bitcoin hedge against inflation if it goes into free fall with rate hikes?

As above. If Bitcoin crashes in tandem with market crashes, wasn't it's value a result of the bubble driven by cheap cash?

Wasn't Bitcoin supposed to hedge against inflation by remaining relatively stable, while the value of dollar in the market plummeted?

Or is it supposed to hedge against hyperinflation in a yet to be realised future?

submitted by /u/VoxNihili-13
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