Fiat has no place with Bitcoin. In my country fiat has lost so much value. BTC may be trending downward as you said, but it has the potential to keep going upward into the future. Fiat doesn't have such potential
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When putting it all in the same category you are generalizing too much. Plus there is such a gross misunderstanding of what fiat even is or how it plays in the global economy.
Alright, using my country as an example, fiat has no place with BTC. People who bought BTC 5 years ago got much more value for their money than those who saved same amount in Fiat currency
How much value has fiat lost in say, smart phone. Havent they gotten cheaper over the last decade?
Really, at least not in Nigeria. Smartphone may look so costly then because fiat still have value at the time. Smartphone is not affordable at all. I am speaking based on the condition of my country