Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.
I think you are confusing two different concepts here, price and value are not the same, the value of a decentralized currency accepted by millions of people that is independent from government control and that it cannot be printed at will is still there, the price is what fluctuates in a significant manner, and the price of bitcoin has gone up during the pandemic, maybe the growth has not being up to the standards of some but that is because the current growth was more than anything sustained by the interest on DeFi coins, however if the price keeps at the current levels and a new bull market happens you can be sure that we will surpass the previous ATH with ease.