A lot of bitcoin’s price appreciation won’t be dependent on debasement but instead a result of people replacing inferior store of value assets (gold, bonds, stonks, real estate) with bitcoin.
Just 1-2% reallocation from those global SoV assets I mentioned previously will send Bitcoin spot price well into the millions.
Debasement does create urgency to switch to the best SoV / hardest money as well as inflate asset prices also.