So with UK Inflation officially at 11.1%, is "Bitcoin is a hedge against inflation" still something people say?

GeneralZaroff1
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I remember during the great multi-Trillion-dollar print of 2020, people (myself included) pointed to the fact that there was limited Bitcoin as one of the reasons for why Bitcoin is a good hedge against inflation, because more cannot be printed, unlike other currencies.

Is that proven to be false now, officially, or have we changed the reasoning behind it?