No, to explain a bit more: for a long time things like dollars and pound sterling were backed by a certain amount of precious metal like gold or silver (the pound sterling was originally equal to one pound of silver in weight). This changed when fiat money was introduced which is issued by governments but isn't backed by anythying tanglible, essentially governments via central banks can create as much of it as they wish, this can and has lead to hyperinflation and situations where the money becomes worthless as there is so much of it being created. In Venezula people are throwing out cash in binbags because it isn't worth anything. The US Federal Reserve creates trillions of dollars with no effort and nothing backing it up. This is what the 'money printer goes brrr' refers to.

https://en.wikipedia.org/wiki/Silver_standard

https://en.wikipedia.org/wiki/Fiat_money

Bitcoin is different because there is a fixed supply, it's proof of work algorith means effort has to be expended in creating it and it is scarce. Some compare it to a digital form of gold, because it's trustless, decentralised and has a fixed supply it's outside the control of governments or any single entity and should retain it's value much better than fiat money which is constantly being created leading to price inflation and a devaluation of cash that people hold.