As a bitcoiner, does compound interest actually mean anything?

I became a bitcoin MAXI officially in 2022. I first dumped my net worth in btc in 2020. Before 2020 I invested in stocks long term (sp500).

A known strategy with stocks is dividend investing to take advantage of compound interest. This is when you buy dividend stocks and reinvest the dividends. This way, your dividends earn you dividends, which also earn you dividends.

But does any of that even matter if the dividends are in the form of fiat unlimited dollar that gets de-based at a faster rate than the dividends can compound? Is everything we learned about finance wrong?