If BTC is a commodity and 'digital gold' , it's supposedly good idea to have it during stagflation, however the reality shows something completely different and that BTC doesn't behave like real Gold, why is that and when it's going to change?

At the moment BTC still seems corelated with NASDAQ and SP500, it's being traded in a similar way. Even fears of stagflation instantly result in BTC price dropping. Historically during stagflation Nasdaq/SP500 can lose up to 50% of their value, which means BTC would lose 60-70% ?

So on one side people compare BTC with Gold calling it 'digital Gold' and Gold itself does always very well during stagflation, however we have this discrepancy were our 'digital Gold' will potentially trade the exact opposite way compared to the real Gold during stagflation.

Why do you think that is and when things are going to change?

For me, the main issue that BTC is still considered an very high risk asset, so as such, it will collapse during stagflation. However, the reality is that is has all the necessary qualities not to be a high risk asset and to be better than Gold. So it's all about the market's participants perception of Gold. Once they change their opinion about it, it may shoot straight up during stagflation. However, the question is, are we willing to wait and test it out with our savings? For this change to occur and BTC to be considered a true hedge against inflation it may take 10-15 years. If stagflation hits in the next 5 years, I think chances are that BTC will not follow Gold and will follow Nasdaq instead, so an imminent massive drop.

Would appreciate your honest and objective opinions on this topic.

/this topic was provoked since many famous economists predict the certain debasement of the US dollar and potential stagflation coming, which seems to be an almost inevitable scenario for the next few years/