This argument makes no sense since by abstaining from consuming resources you are saving them for the future.

Bitcoin is not an economic manipulation machine like the Federal Reserve. It's purpose is not to stimulate or incentivize anything.

It gives less return on investments, however it also incentivizes those who don't invest (mostly middle and lower class) to hold onto their money instead of spending it immediately, because it's worth more in the future. Which could decrease consumption in the world and possibly create a more sustainable future.

Deflation seems bad from our current mindset of growth at all costs, and especially bad if you're one of the upper class who's investments return more than inflation, ensuring you'll keep your status.

But this could possibly bring a brighter future for humanity, where we tame the viral nature of capitalism and the rich getting richer at a far faster rate than the rest of society.