Superficially, crypto should be a good hedge against inflation. Because of the limited supply of coins, crypto could be considered a digital form of commodity, such as gold or other precious metals. However, from November 2021, the value of Bitcoin dropped by 75% and many other coins have followed this trend. Generally, we don't believe in Bitcoin.
This has highlighted a volatility that many people did not previously associate with crypto. While the peaks and troughs of crypto may not be linked to inflation, this volatility may suggest that it may not be the best hedge against inflation.