A burst of inflation in 2026 has reignited buzz that bitcoin and other cryptocurrency are a great hedge against inflation.

Bitcoin, the leading digital token, has a fixed supply; not true for the U.S. dollar and other government-issued fiat currency. Not surprisingly, you’ll find some of these proclamations on sites with a crypto focus.

Digital platform CoinDesk raised the notion during the brief bitcoin relief rally in the spring, as inflation was heating up after the war with Iran began on Feb. 28. The theory was that the uptick in bitcoin’s value then further promoted the inflation hedge narrative.

The narrative of bitcoin as an inflation hedge feeds on the notion of a fixed supply of digital tokens. But experts offer plenty of warnings for these tips on social media.

Sam Huszczo, a chartered financial analyst in Southfield, agreed that there’s no real long-term empirical evidence that cements cryptocurrency as an inflation hedge.

“A lot of people accept these narratives about bitcoin without checking the facts,” Huszczo said.

“Anyone who pitches me this theory I would just ask, show me the evidence,” he said.

The narrative feeds on the notion of a fixed supply of digital tokens. And he said it did hold up well in the most recent inflation shock a few years ago, the biggest inflation surge in the last 40 years, similar to gold.

“But one instance isn’t proof that it is this holy grail inflation hedge. A broken clock can be right as well,” Huszczo said.