Fiat “wealth” can’t transfer to Bitcoin.

There is no smart contract that freezes USD or anything. When you buy Bitcoin with fiat it just changes hands and signals intent. There is no way for fiat to function outside of the system. Fiat can only be destroyed by burning physical cash or paying off a loan.

Buying / selling Bitcoin for fiat can only affect exchange price of a given day (which fundamentally isn’t real). There are no 30 thousand dollar units held in one Bitcoin. You can sell Bitcoin only because there is a buyer, not because there is some fiat units frozen inside it.

Exchange price is just a mirage, but it feels like it’s real because everyone acts like it is. What we actually need is change to wealth denominator that’s fair & accesible to all. For that we need to build fully sustainable circular economies. When that is done Bitcoin / fiat price will be irrelavant.