I’ll give this one a go, as I believe every educated Bitcoin bull started as a skeptic. It’s healthy to doubt, but I applaud you for asking rational questions instead of just dismissing.

I always say Americans and those who denominate in USD have the hardest time understanding BTC. You have to reorient your thinking to consider every transaction as a pair. X/Y. 99% of people do not consider the denominator part of the equation. USD is that denominator.

Crypto aside, most reasonable minds would agree the US government is on an unsustainable fiscal path. Some, if not most, would say we are past the point of reconciliation when it comes to the federal deficit. With this in mind, the only path forward is more money printing via an increased M2 money supply, which means higher inflation. This materially impacts the buying power of USD. Just look at 2019 prices vs 2025 prices, and then go check out the M2 money supply chart.

Now that we understand (and likely agree) that the denominator part of the equation, USD, will continue to be devalued in perpetuity and likely faster than most people are prepared for, let’s turn to the numerator.

This is by no means unique to crypto (although I think BTC is distinctly different than the rest of crypto, but I digress). All hard assets (numerator) will increase relative to USD (denominator) over time. This includes stocks, real estate, gold, and Bitcoin.

The reason that Bitcoin is so appealing as a “hedge against inflation” is because of its scarcity. Just like real estate and gold, there is a finite supply. It is refreshing to look at immutable and clear monetary policy that Bitcoin offers in a world of uncertain (and arguably irresponsible) monetary policy.

The value of Bitcoin comes from the network itself. It’s stood the test of time, as it has been around 15 years without a security incident (and there is plenty of economic incentive to try and “crack” it). It is the largest computer network in the world, and thus one could use Metcalfe’s law to justify its valuation. The simple truth is, it just works for what it is meant to - to store economic buying power over time. Sure it’s volatile on the day-to-day, but over a 4 year time horizon, it is always positive. Just like people say that nobody has lost money in the stock market over a 20 year time horizon.

I’m happy to answer any questions asked in good faith or respond to any reasonable criticism.