Well, the Austrian Business Cycle Theory [0] has shown that the continuous, never ending increase in the money supply is actually responsible for greatly exacer

Well, the Austrian Business Cycle Theory [0] has shown that the continuous, never ending increase in the money supply is actually responsible for greatly exacerbating the boom and bust cycle, so there are in fact many losers of this (people who invested money thinking it was safe when in reality it was a highly speculative market, eg real estate in 2007, internet stocks in 2001, etc). Increasing the money supply ultimately leads to a decrease in purchasing power, which is stealing from savers. If the market (individuals cooperating with one another voluntarily) valued a continuously inflated currency, then fiat currency will win and crypto will fail. I suspect the market values a fixed or slow-increase-in-the-money-supply version of money like gold as they demonstrated with their money preferences before governments used coercion to stop it, one of the biggest reasons crypto is so popular is because people can’t use gold as money, but governments can’t effectively stop people from using crypto. [0] https://en.m.wikipedia.org/wiki/Austrian_business_cycle_theory https://en.m.wikipedia.org/wiki/Austrian_business_cycle_theo...