So two things here.

First, if your goal is to make fiat gains, of course you've got to pick the best performing asset. Now, we don't know the future, so that could change in a second, but btc has the best Sharpe ratio in cryptocurrency. This constant argument from the btc guys though tells you their true goals, it's to stack fiat.

Second, youre right, if your goal here is to protect yourself from debasement, to store value, long term XMR has done great. It's really only this year that it's been a little wishy washy, and I expect this time next year people won't be making this silly argument calling xmr a stablecoin and all this nonsense.

 

 The point about holding purchasing power is just there because he quoted it. Amazing how fast maxis go there now that BTC is back at 60k.

There real point is just about the misunderstanding they make regarding UoA.

There are no Bitcoin denominated charts. Not as long as we are on a USD standard.

So they think they're making some poignant point about relative value.
When really they're just demonstrating how little they understand whst is being measured and how stuck in fiat thinking they are.

The actual point made with this chart is just "we've attracted 100x the fiat degen speculation"

Like
that's not the flex you think it is bro