How is it "debasement"? People create bitcoin for no particular reason except that they can and the Fed creates (and destroys) money as a part of managing the c

How is it "debasement"? People create bitcoin for no particular reason except that they can and the Fed creates (and destroys) money as a part of managing the currency. Bitcoin has wild swings in value just because. It has no inherent value so it can be priced at anything. Meanwhile the Fed manages the USD to keep the currency stable, ie avoiding inflation or deflation as much as possible. You can't debase bitcoin because it has no basis to begin with.