If the government is honest with itself even they will agree that the purchasing power of fiat currencies no matter how strong the nation or country is loses its value over time and this is largely due to the central bank's ability to print any amount they want at any God-given time and also the high rise of inflation of goods and services, which if we use my country as a case study, you will be shocked how the price of basic amenities skyrockets like crazy due to inflations, transportation fees, very bad economy, bad government, and citizens greed included.
You could check for the price of a product today and let us assume you were told $30, when you come back the next week or sometime the next day the seller of that product will tell you the price has increased to $35 or $40 because the value of my countries fiat currency has depreciated against the dollar, the only annoying part is that both those that import goods and products meaning they are buying dollars and those who produce the goods or product in the country will tell you the same dollar increase excuse as the reason for their product increasing in price, just because my country's fiat currency value and buying power keeps depreciating every day.
My country is just the king of nations where their fiat currency buying power is terrible because even when some weeks ago when the country's fiat currency was scarce the buying power will still be reduced, so both when it is scarce and when they are a lot of it like when the government decides to go crazy and print more notes for no reason just because they can, our fiat currency buying power still deprecates and that is really sad, which is why most people especially the younger generations are run into crypto as our safe haven to keep the value of our money safe, unlike leaving it in our bank accounts where it loses it value, and that is the more reason my country's government and any other countries governments except crypto-friendly nation hate Bitcoin and crypto.
Bitcoin is the best asset in this 21st century and crypto is the best asset class, also the only money that can't be controlled by anyone, all thanks to decentralization.
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I think all fiat currencies share that disturbing characteristic. To top it off, the current economic condition is speeding up the process. Thank goodness that Bitcoin and crypto exists. Imagine the world right now without crypto!
The world would have been a terrible place financially without crypto, especially with the bank crisis going on now.
I'm sick of people saying "The price of x keeps going up". What they need to say, and ask is "Why is money becoming more and more worthless?"
I agree with you 1000%, fiat currencies are becoming more worthless by the day.
Inflation is hitting the U.S. pretty good too. I guess that makes it twice as bad for you.
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It is buddy, but we have crypto to serve as our safe haven.