I think the general comparison of crypto/bitcoin versus fiat is a flawed one. There's an implied comparison being made as to which is more valuable as a long t

I think the general comparison of crypto/bitcoin versus fiat is a flawed one. There's an implied comparison being made as to which is more valuable as a long term HODL investment. But nobody actually HODL's fiat and most financial advisors don't even proposes investing long term in fiat unless it falls under some high fee, actively managed alt fund. Even currency traders are really just holding for a quarter or year or two. Fiat is just a medium of exchange. By design, HODL'ing fiat should not produce returns as that would suggest inefficiencies/cause stagnation in the flow of money. The proper longterm HODL comparison is bitcoin/crypto versus collectibles/gold, NY/Miami condos, farmland or Nvidia, Apple, Coke, REITs, etc.