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    1. skr_replicator on

      Neither. Bitcoin is going up and fiat is going down, neither is stable.

      Just look, how much food can you buy with $1000 now vs $1000 then. And then the same with 1 BTC now and then.

      If you had to pick what is closer to reality, then so far it’s the first image, as BTC is going up faster than fiat is going down, so fiat feels more stable even when it isn’t really.

      But that balance can flip, if BTC becomes mature and stabilizes somewhat, and fiat enters hyperinflation, then the bottom picture would be closer.

    2. Asleep_Onion on

      A little of both, but mostly the top one.

      BTC has gone up 101% over the last 52 weeks, meanwhile the USD Index has gone down 4.4%.

      So both things are happening, but BTC’s movement has been 23x more substantial than USD’s movement.

    3. Brilliant999 on

      BTC isn’t up all that much in €. The USD is just crumbling before our eyes under Trump

    4. ARoundForEveryone on

      Which one is it? Good question, glad you asked.

      The answer is yes. Yes it is.

    5. The dollar declines a little each year, and the rate of its decline is expected to increase in the future. Bitcoin has been appreciating a lot most years, and declining a lot some years.

    6. Pretty good argumentative meme, quite rare and good debate/reflection on how to measure value relative from a macro view

    7. So when the deflation of Bitcoin matches the inflation of the dollar, we won’t see the price rise anymore after the next halving event and people will probably sell off all their bitcoin because it won’t be profitable to mine anymore. That’s when Bitcoin will crash

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