In the interests of informed investment I think it's very important to challenge the assumption that ongoing inflation of the USD is a certainty in the mid term, it's very possible that despite increases in the cash supply we could see recession/depression, which are deflationary events

Arguably the most common narrative on the sub revolves around inflation, and while it's correct to say that long term inflation is a certainty, in the medium term we could actually be looking at a series of marginally, or deeply deflationary events - despite the increase in the money supply. This would lead to an increase in the value of the US dollar against BTC in the medium term.

If we look to Japan as an example, money printing isn't always inflationary. Because the financial system is botched, banks determine when and if they lend, and what interest rates they pass on. Since lending in our system is the primary driver of growth (and thus inflation), when the banks are conservative regarding lending, this results in less economic stimulation. This can occur regardless of the money pumped in to the system, since it sits in reserves. During financial uncertainty people are also less inclined to borrow generally speaking, the more scared they are, the more they horde fiat, which becomes a feedback loop.

Secondary waves of COVID due to the delta strain, combined with the potential need for austerity measures in many parts of the world, could certainly lead to a massive reduction in production.

This has lead to a great deal of economic uncertainty, particularly in the major financial systems, and some of this is what has lead to the crab movement we've witnessed over the past quarter. Many people believe that when the stimulus halts the house of cards may fall down, and the largest players in the system are actually hedging with increased bonds purchases (a sign of fears of deflation from smart money). The markets usually shift before the economy, and the trend line in bond purchases is growing noticably.

So please, when choosing to invest, don't do so under the guaranteed assumption that inflation is a constant process - there can be breaks, both major and minor, and if there is a global economic crash we are likely to witness heavy deflation, which would in turn depress the price of bitcoin relative to the dollar (since the largest currency of exchange and trade are USD tethers, and since people tend to horde fiat during recessions/depressions).