I think this misses the nuance that makes BTC so great. BTC has a limited supply. It's designed to hold value. Zimbabwe's currency was used to print it's way out of debts.

With BTC you don't have to worry about someone siphoning value from your currency. It's not just coincidence that BTC increases in value YOY. Bitcoiners call this 'number go up' technology.

When all central banks are tripping over themselves to devalue their currencies, BTC's value rises.