For hedging against fiat currencies, short-term price fluctuations are irrelevant. Long-term price trend is what matters, and Bitcoin gained 4×/7×/18×/32× over the last 6/12/24/48 months, far beating the inflation of all world's fiat currencies. Also note that volatility is quickly decreasing: https://twitter.com/lsukernik/status/864920873718951937