Are you sure people would have saved the money versus buying a better car, house, electronics, etc.. Are you sure inflation is the reason people live a 'consum

Are you sure people would have saved the money versus buying a better car, house, electronics, etc.. Are you sure inflation is the reason people live a 'consumptive lifestyle'? I'd argue it is 'cheap' access to debt - student loans, housing loans, credit cards, etc.. that has prevented people from saving. Historically though the savings rate to today isn't much different than 60 years ago - around 10% in 1960 down to around 7% today. Bitcoin is an asset/investment like any other, including the dollar, and all can go to zero under the right circumstances. That is why no single asset should be HODL'd in spite of others, diversify.