At what point do we realize that money needs to be backed by something?

in #bitcoin2 days ago

The fiat experiment is on the verge of blowing up

When you see graphs like the one below, you can easily see when something doesn't appear to be sustainable:

image.png

(Source: https://x.com/BitcoinNewsCom/status/1845157662087893429/photo/1)

The price of things can't go up forever, can it?

I would assume at some point resources etc play a role in the cost of things, though if everything is digital, perhaps not?