In my view, money is a technology, and people will choose to use money that "works" if they can. A technology can be designed to suit particular purposes, and without claiming to be an economist, I think the major government money systems as US and EU are designed to provide a medium of exchange, temporary store of value, and tool of economic policy.

What I see as the main promise of US money is that it will be roughly the same tomorrow as today, to the point where thinking about the value of things in dollars is useful.

I think it is safe to consider that promise has not been kept.

If you price items in BTC, those items continue to get cheaper; if you price them in USD, they get more expensive.

Do you realize that you are looking at only one side of the equation you are implying? 1 USD is also always 1 USD. A tautology is also a tautology.

> If you price items in BTC, those items continue to get cheaper

Which is not stability.

Now look at the absolute value of that change over time and you‘ll notice a difference between USD and BTC.

In that framework, it really is just equal to issuance, disregarding even the velocity of money.