WHY BITCOIN IS NOT IN A BUBBLE

We hear "Bitcoin is in a bubble" almost on a daily basis these days. I can see why, $6000 plus bucks. Bitcoin seems to only go higher with some consolidation along the way. How high can it go? "To the moon?" Who knows for sure, all we can do is take a step back and look at the dollar to get an idea. That is what we are going to do and then we will ask the question once again. "Is bitcoin in a bubble.
Since bitcoin is traded against the dollar, (you can apply this to any other fiat currency to get your answer). Let's take a look at the dollar.
Since the 2008 financial crises, central banks around the globe have adopted monetary policies of cheap money and money printing to hold the system up. They have created distortions in every asset class. Trillions of digital dollars have been created to basically bail out the system. Interest rates lowered to 0% for a decade. The countries around the globe have all joined in and piled on massive amounts of debt, creating a global system on the verge of complete collapse. In turn countries around the globe have went on a devaluation war, yes basically a race to the bottom.

This is the dollar index, it is the dollar traded against a basket of other fiat currencies. (I do not like the term currencies for fiat, more like as Max Keiser calls it "Scheisse dollar") We can see the devaluation going down. We all know economics 101.......The weaker the dollar, it takes more dollars to purchase an asset. So yes it takes more dollars to buy one bit coin.

During Weimar Germany, we can see the gold price to German mark. In 1919 it took 170 German marks to buy one once of gold. In 1921 it took 2,175 marks. 1922 it took 30,381. Wow, 1923, a wopping 87,000,000,000,000 marks to buy one once of gold.
Is it possible this is exactly what it happening to bitcoin. If it is, THEN BITCOIN IS NOT IN A BUBBLE.
To further support this theory, stocks are the most 4th most expensive in history, inflation

I am not saying that this is 100% what is happening, I am saying if this theory is accurate then bitcoin is not in a bubble. I see it as the global populace has more faith in bitcoin than the scheiese fiat crap central banks are purposely destroying.
Just another way to look at what is causing the price of bitcoin to skyrocket.