This is the right way to look at it. Bitcoin is the foundation. All other currencies are measured against the foundation.
According to CoinDesk Indices Research, FactSet the most rekt fiat currencies against Bitcoin over the last 5 years are:
1. 🇦🇷 Argentine Peso
2. 🇹🇷Turkish Lira
3. 🇷🇺Russian Ruble
4. 🇺🇦 Ukrainian Hryvnia
5. 🇨🇴 Colombian Peso
6. 🇯🇵 Japanse Yen
7. 🇿🇦 South African Rand
8 🇨🇱 Chilean Peso
9. 🇧🇷 Brazilian Real
10. 🇭🇺 Hungarian Forint
If you're in any of these 10 countries, you are at the forefront of hyperbitcoinisation like it or not, you can run from it, deny it, but Bitcoin is eating your currencies lunch
https://void.cat/d/YXt8s443MSwq2qALHAT2TS.webp
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Discussion
Exactly, this is what gold was meant to be but its been captured to hide true measurement of theft via inflation, if you look at these currencies through the price of the dollar it's not that bad but Bitcoin really exposes the failures