Such negativity. Bitcoin has held up well. It often trades with the nasdaq (simply because traders trade) but there are times of divergence. It has outperformed a bearish nasdaq this year, so it is hedging.

It's not a magical hedge.. but it's a very strong unhacked financial network with a finite supply. BTC dominance over other crypto has been rising again. As runaway inflation weakens fiat, naturally BTC will hedge to a degree. It has historically been more volatile though so you can't depend on it as a short term hedges.