I read an argument once that an inflationary currency encourages spending and discourages hoarding, and it follows that the reverse would be true for a deflatio

I read an argument once that an inflationary currency encourages spending and discourages hoarding, and it follows that the reverse would be true for a deflationary store of value like Bitcoin. And are you saying boom/bust cycles are a good thing? For pretty much any average user of money, they're not.