The Fed generates an infinite supply of dollars and purchases an infinite number of government bonds...news reports that capped supply of bitcoin is a hoax.
The prevailing narrative of dread is ludicrous. I suppose "tapering" from enormous quantities of new money to massive, tremendous amounts of new money should be detrimental to bitcoin. Fear fuels the clown world.
Yes, the money supply has been going up exponentially over time, but historically rising interest rates have been a damper on the financial markets for some time. Also, with a lot of the money sitting on bank balance sheets and not being spent by ordinary consumers, there is actually a risk of deflation without continued money printing. I think in the long run the devaluation of fiat currencies will be good for bitcoin, many alts, gold, and silver!