That's it.
That's the "rugpull" behind BTC.
This entire economy is fake and gay.
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No, it's a retarded incoherent premise that betrays lack of financial understanding. Nothing to do with how bitcoin is performing currently.
People use both gold and bitcoin, as well as other assets to store value. They invest their fiat money into those assets. You may say bitcoin is a poor store of value, and you'd still be wrong, but at least it's a coherent claim. Your causal reasoning is wrong too - the reason for inflation is increase of money supply. That extra money is either spent, invested or saved. People who buy bitcoin do so to save money and have more money in the future (and not be slaves to the central banking system eventually) - even if it weren't for bitcoin this money would go to other assets that do that like gold, property or stocks and not spent for consoomer goods. But even if all the bitcoin money (~1-2 trillion) suddenly flooded the global market, it would still be very insufficient to cause hyperinflation. There are ~$150 trillion broad money in existence and the US debt is 39 trillion - It would hardly move the needle at this point.
My post/argument has no mention of how bitcoin is performing, especially currently.
Dude
Someone made a low effort insult and I returned it in kind.
Nothing to do with my argument.
And I replied to it in a single sentence. And in that reply I addressed your argument after that.