[thecupisblue]

>dollars and euros lost value

>crypto is worth at least twice as much

of the currency that lost value? do you see the irony here?

[phasnox]

Of the amount of goods and services you can buy with it.

Fiat is just a convenient unit of account, that serves the purpose of contrast.

[herbst]

I compare all to CHF, but it doesn't matter if you have a somewhat stable base currency you see the same I described.