Bitcoin's fixed supply (21 million coins) positions it as a deflationary asset, mirroring gold's role during economic uncertainty. During the 2020 pandemic, the Fed's quantitative easing (QE) policies correlated with Bitcoin's price surge from 5,000to64,000. Institutional adoption—such as BlackRock's description of Bitcoin as a "global monetary substitute"—highlights its appeal as a hedge against currency debasement. However, critics argue its volatility (45,000−69,000 range in 2024) undermines its stability compared to traditional safe-haven assets.