Some people claim the recent ATH of BTC-USD is proves that the dollar is being debased faster than, say, the AUD or EUR but that on its own means very little. What it shows is that the market is generally preferring BTC to USD more every day. Why? And why don’t we see that with the other currencies? For one the US government itself has acknowledged that sats are worth stacking. They’ve started to remove barriers to adoption and even promoting it to some extent. What are we seeing from Europe and Australia? Ever more capital controls restricting the use of cash, demonizing bitcoin, stealing money from the population’s bank accounts and putting towards funding equities (Europe), stealing money over some limit in retirement accounts (Australia), etc. Imagine having a fiat currency that’s even harder to trade for bitcoin right now? Does that sound fun? If you think the USD is cooked because of the recent exchange rates you’ve got it backwards. Yes, the USD is cooked long term but relative to the other currencies it’s actually looking brighter for Americans.