"Bitcoin can go up forever because the amount of dollars can go up forever"
The Weimar Republic and the Reichsmark would like to have a word with you.
"Go up" is rather meaningless if the purchasing power of your unit of account is dropping due to persistent inflation or hyperinflation.
Those fiat currencies don't stick around too long.
This should hint towards Bitcoin taking over the role of unit of account, but for that to happen is has to be a medium of exchange... Anyone see a problem?
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