Bitcoin plays a complex role in the global macroeconomy, often viewed as a speculative asset with potential as a hedge against inflation and currency debasement. Its fixed supply of 21 million coins and decentralized nature position it as a counter to fiat currency erosion, particularly in high-inflation economies like Argentina, where 87% of surveyed locals see crypto as vital for financial stability. In developed markets, however, its volatility and correlation with tech stocks weaken its safe-haven status, with studies showing it declines during financial uncertainty shocks, unlike gold.