It's why 1 BTC = 1 BTC, not 1 BTC = $34,000 or anything else.
If 1 BTC = 1 BTC, then I assume you're not hoping for anything from an ETF or the halving as even with those 1 BTC =1 BTC!
Actually, if you don't care about the value at all, what are your expectations from BTC ?
Let's drop the act, 1BTC=1BTC only when we're in a bear market, when it's bull season is only $$$$$$$$ from dawn till dusk and all night long!
The actual value of bitcoin lies on the demand and supply, just like gold and every other real asset whereas fiat doesn't hold any value but just a promise from your central banks that this paper holds the promised value.
Oh wait, so the value of Bitcoin is backed by demand and supply, which means that is backed just as fiat!
When a fiat currency goes down is because the supply outweighs the demand by printing, like Zimbabwe or Venezuela!
The dollar is still powerful because there is demand for it, so is Bitcoin, see what you did here, you made them stand on equal footing!
Bitcoin and dollars are like positive and negative electricity, where they cannot move forward or down equally;
OMG, what does your fridge use, positive or negative electricity?