Opinion: Don't confuse "rising bitcoin price" with "declining dollar purchasing power"

Bitcoin trader Jacob Canfield tweeted today that Bitcoin's price is rising … or is the dollar's purchasing power declining? In 2011, one bitcoin could be purchased for one dollar. By 2019, one dollar can only buy 0.000141 Bitcoin. Is there any way to stop the purchasing power of the dollar from continuing to decline? CryptoCred, a well-known Bitcoin investor, countered that it was clear that the price of Bitcoin was rising. Your statement reminds me of Keiser's complaint about the spiraling decline in world currencies against Bitcoin.