"Zooming out, higher inflation suggests hard assets: in the inflationary 1970's equities and residential real estate held up just fine. Gold went up 20x -- from $35 an ounce to nearly $700. We can only guess what happens to Bitcoin, which combines some features of gold with some dot-com level of growth."

https://www.profstonge.com/p/sovereign-debt-is-eating-the-world