I think the main ideas in this thread are correct in that there are many reasons which are unique to btc that implies it can only become universal and therefore rise in value. fiat is manipulated as are gold prices at the moment but i am not aware of any currencies still backed by gold? any examples you can give?
It's precisely that fiat isn't backed by gold anymore, something that has a limit and is finite, that fiat is inflationary. That is precisely why we have million dollar homes and billion dollars companies. Because there is no limit how many fiats can be printed out of thin air. Fiat which is unlimited need to compensate for something like Bitcoin which is limited. It's simply the law of mathematics