Yes but there is huge inflation. Bitcoin will be a hedge against inflation if and when it becomes the global reserve currency. Until then, you can only hope that its price appreciates faster than the rate of inflation, which I think it will, given time.
As a store of value, it’s already there, even considering the recent sharp downturn. There is no alternative asset that I’d consider a less risky long term store of value, not gold, stocks, real estate, bonds or fiat.