Sort:  

Oh, fiat is always going down.

Here's a test. Go to your local grocery store. Find the cost of something that is not a loss leader. Like pasta, or a can of soup.

Wait 5 years, come back. The price will be higher. :)

What do you wish to do?

Could be a bit of both, one way to tell would be if almost all cryptocurrency is going up, then fiat value could be going down (or equivalent of).

Why not both? :)