> Fixed assets, goods and services, etc., are stable relative to fiat, at least USD.

Not house prices. As bitcoin gets larger and larger, you will see those prices stabilize and start to fall. What i think will happen, is that when the people who own all of those empty houses around the world that are used as a capital appreciation asset, start finding that that capital appreciation isn't increasing anymore, they will either sell them or rent them out. Feds ain't gonna take that lying down of course. They can't afford to, as the gfc proved. I expect an acceleration of qe.

Let's be clear, it is the price of these houses vs bitcoin that matters. If your capital appreciation of bitcoin is greater than housing, you will choose the one that has the best return. Bitcoin compared to the fixed asset market right now is a fraction of a fraction. But that is changing and it is changing fast. When bitcoin is 100 times the asset value of today, that metric becomes apparent.

And frankly it doesn't matter what people think. That's the beauty of the bitcoin design. It works because it doesn't rely upon questioning peoples motives, it relies on just working. And it is working. Oh is it working.