I disagree. Bitcoin’s number (i.e. purchasing power) going up has nothing to do with fiat. 

Fiat is a useful measure for how much bitcoin’s number goes up because the world operates with fiat rails for medium of exchange and unit of account. However, as bitcoin’s number goes up, there will be pressure on both of those functions of money technologies based on government decree.

Society eventually stops working for worthless fiat … there are a number of examples of this throughout history (Roman Empire, confederacy, Weimar, etc.) and when the population stops accepting and participating in a currency … that’s very bad for the governing body. 

But with bitcoin, not only is fiat debasement bad for the incumbent governing body…there is an available alternative to the incumbent governing body. They will be replaced — not by voting - but by pure market forces.

In the end, NGU is all that matters. I love the medium of exchange L2 techs and the companies striving for bitcoin unit of account…those will come with time. But everything else falls into line once bitcoin continues its role as the best monetary technology (conveyer of value over space & time) that humanity has ever had access to. 

Freedom is achieved via NGU.