[BiasRegularizer]

I suggest you look into modern economic theories and why inflation is crucial to economic development. There are two problematic assumptions in your statement:

1. Nobody would store all their wealth in a deflationary currency - other forms of assets, stocks etc will still exist. They will need a high liquidity vehicle to trade a.k.a inflationary currency.

2. Deflationary currency doesn't necessarily mean it will gain value overtime. Unless it contains growing intrinsic value, the overall market cap will drop/plateau.

Think of inflation vs deflation as lubricant vs sandpaper, one encourages economic activities while the other discourages.

[ljlolel]

1. bitcoin is high liquidity (even higher liquidity than currencies in that you can trivially transfer $1B), unlike all of the other assets like stocks and houses....

2. Exactly which is why people would be fine spending a "deflationary" currency