This is an incredible chart showing the value of gold priced in bitcoin.
In 2012, you needed 400 Bitcoins to buy an ounce of gold. Now you need just 0.05 Bitcoins to buy an ounce of gold.
Which means that despite gold being at an all time high in dollar terms (nearly $2,000), bitcoin has been a better hedge against inflation in the last decade.
Even over five years it has outperformed; in 2019 it cost 0.4 Bitcoins to buy an ounce of gold, now it's 0.05. It's also easier to store and easier to sell. Why would you hold anything else?