So, there are a few things to consider.
1: fiat currencies are backed by the government might, if you try to do shady stuff with money you will eventually find yourself into a not so pleasant situation. So even if the fiat currency itself doesnāt have a lot of value, the paper you use to print money is nowhere near the actual value that the bill goes for.
Cryptos are not backed by anything.
2: Inflation itself is not necessarily the problem, as long as the standard of living keeps up with inflation itās fine, the problem is when you print too much money to pay things with inflation. Like what happened recently, then you get a situation where prices are higher, but standard of living does not go up with it, so you are in a worse off situation.
Also, wages are the last thing in the cycle to increase when inflation happens, first itās asset inflation, second, itās consumer prices, and then wages eventually catch up.
Also inflation is deceiving, you may think that if inflation goes up 10 % but so do wages, you would be in the same situation, but that would be wrong, because you are in a higher tax bracket now, so you pay higher taxes. And then other people can come in, and decrease taxes, and the average person, which is completely oblivious of what is happening, will be like, yea, thanks government for decreasing taxes, i love you!
Inflation is basically a tax, people want all these services from the government but donāt want their tax raised, and they are not willing to let go of services to decrease spending, so inflation is the only answer.
Pretty much everything that the government does costs about double what you would have paid if it was private.
In my opinion there are only 3 basic services that a government should do, police, military and courts. Basically what makes a government a government. Because letās say that you would privatize those sectors also, well, now those private companies are the government, so there is no escaping that anyway.
Anyway, cryptos are definitely not a hedge against inflation, you need to buy actual goods for that. Things that go up with inflation.
If you want a hedge against hyperinflation, gold, precious metals in general do well, but i would not recommend gold, buy silver, also, they are NOT an investment. Keep that in mind.