Why’s that?

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Because every country is throwing money into the ocean.

So, if they’re all devaluing at the same time then they stay close to relative value.

So what you’re arguing is that bc the rest of the fiat world is losing value at equal pace, the king of fiat (USD) sticks around for a long time?

Not sure if I’m tracking with you on that, aside from the fact that this seems to be the case for hyper-bitcoinization.