Did you read their argument at all? The macro bet is that all the money printing is devaluing fiat currencies. Store of value assets like Gold and BTC are rallying because of this.
The USD I think buys 15% less EUR than it did pre-COVID. Similar results even if you compare it to a basket of world currencies.
USD is the only currency with which a person can pay its US taxes. Can't do that with Bitcoin.
One US dollar can not fluctuate in value relative to itself. The "exchange rate" between USD and BitCoin fluctuates continuously.
USD is legal tender. You can buy a cup of coffee anywhere with USD. Not so with BitCoin.
USD does not have a bid/offer spread for transactions. BitCoin trades as two sided market.
USD can be deposited at bank, be protected by FDIC deposit insurance, and can earn an agreed rate of interest. Not so with BitCoin.
...stopping, though this could become a long list
BitCoin is an asset that can be bought or sold in exchange for USD. So is gold (as already noted), oil, company stock, lawn chairs, tracts of land, etc. A dollar-denominated asset is not the same as its market value in dollars.
The USD I think buys 15% less EUR than it did pre-COVID. Similar results even if you compare it to a basket of world currencies.