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by ben_w 1654 days ago
If the dollar was unstable and and bitcoin stable, I would expect to observe the exchange rate between USD and other currencies fluctuate wildly while at the same time observing the BTC-$other exchange rate not fluctuating much.

This is not what I see. USD with the various other currencies I tried had 1-10% variation in the last 12 months. In each of those currencies, bitcoin varied by about 300%.

Even gold, which has zoomed up this millennium, makes bitcoin look stable in comparison.

Can you name any non-crypto asset that has had an approximately constant price in bitcoin?