Let's talk about inflation and it’s direct impact on Bitcoin. The current inflation rate is ~6,8-7%.
The inflation rate is rising, and this December’s rate was the highest since June 1982.
If prices grow by 7% per year, this means that in 10 years, all goods will become ~2 times more expensive. You can say that rising salaries offset inflation, but this is not the case because they have grown by only 4.7% this year.
The Federal Reserve System (FRS) says that as soon as the problems with the supply chains caused by the Coronavirus are resolved, the situation will stabilize. Still, the new variant of Omicron is exacerbating the situation the Coronavirus is progressing.
Due to these events, the dollar is becoming weaker. If we look at the USD/BTC chart, we can see that the dollar gets weaker against bitcoin; therefore, Crypto enthusiasts often talk about bitcoin as a hedge against inflation.
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