Prior to 2020, there were frequent assertions that inflation (or the debasement of the dollar) was only around 2%, yet there are also indications that such debasement was likely quite higher than 2%.
These days we need to anticipate quite higher debasement levels, especially since 2020 - perhaps in the ballpark of 6%to 10% annually, and sure the quantity of debasement will also depend on the good and/or service that you need (want).
As far as bitcoin's value goes, bitcoin is appreciating in value based on the soundness of it as a money, it still being in early adoption phases and the debasement of the dollar. Bitcoin is likely to continue to grow in value way greater than the debasement of the dollar levels.
Of course, we cannot predict any kinds of exact levels regarding how well bitcoin is going to continue to perform as compared with other assets/currencies, yet I would think that it is better to figure out some kind of a strong allocation to bitcoin since it seems to be amongst the best, if not the best, of asymmetrical bet assets that currently is available to everyone and anyone across the globe..
I see it the same way. There is a simple example from the past. If we look back 50 years, you cant compare all prices with today. The prices for houses, cars, land, or even the price of milk have risen. More fiat money is printed, and it has to go somewhere. I dont think this circle will ever close. Debts will always be incurred, and this money may also be created out of nothing, even if it looks different in theory.
And yes, you are probably right, it is much more than 2%... because of the coronavirus, it was probably 6-10%. I can still remember Turkey, Venezuela, and Argentina with extreme inflation rates.