I did not understood this, either you mean something else or you are definitely wrong about it. Fiat as usual, money printing, inflationary, money devaluation by the government and reducing purchasing power - the inevitable characteristics of fiat. So with this, even bitcoin could possibly appreciate if compared to fiat. What really amazed me if true is the fact that USD devaluation is the cause of gold valuation right from 1973 or something. The rate at which the government are manipulating fiat will let bitcoin still appreciate over fiat in long term as a result of fiat declination while the wealth in the world is still an indication that more adoption is likely, possible and it will be become reality as bitcoin soar to all-time-high.