inflation and recession are frequent and I think this is normal. It doesn't say too much about the power of fiat money. For me, fiat money still has the power of liquidity now, there are many forex traders and abandon coins because of its unpredictable volatility.
I know that bitcoin has a deflation mechanism but who will guarantee it if organizations manipulate it? By that time, the bitcoin value is only 0 and there will be no more features.
so I still support fiat money.