# The Bitcoin Narrative is Dead?

By [jer979](https://paragraph.com/@jer979-2) · 2022-09-21

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One of the things I hear most frequently from people is that, given the amount of inflation, the bitcoin narrative as an inflation hedge is “dead.”

I can understand why people reach this conclusion.

But here’s the thing?

What happened to gold?

A recent WSJ article highlighted the issue: [This Should Have Been a Great Year for Gold. Here’s Why It Isn](https://www.wsj.com/articles/this-should-have-been-a-great-year-for-gold-heres-why-it-isnt-11663526294?mod=Searchresults_pos1&page=1)’t

Now, I’m not sure they have nailed “why it isn’t” and that’s just clickbait anyway.

But why is gold down 8%?

In the words of Buffalo Springfield, “there’s something happening here, what it is ain’t exactly clear.'“

    [For What It’s Worth](https://www.youtube.com/watch?v=80_39eAx3z8)

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*Originally published on [jer979](https://paragraph.com/@jer979-2/the-bitcoin-narrative-is-dead)*