The middle class typically has a mortgage and student loan debt for which inflation benefits them.
The closer you are to the spiket, the more debt based inflation benefits you.
The poor do lose the most.
Whoever can leverage the most debt for assets benefits the most under an inflationary scheme. This tends to be banks and generally wealthy people.
Stated inversly the poorest are hurt the most as they are least a part of this wealth generating scheme.
Cash savings is largely irrelevant. Most Americans are net negative cash wise via credit cards. So stating the middle class is most hurt doesn't follow logically.
I'm basically middle class, but to keep a substantial cash savings would be financial idiocy in this inflationary system.
There is no inflation Inflation is transitory Inflation is actually good
That was priced in? How about in other countries? Where the next day the currency devaluates 50%?
Inflation generally hurts the middle-class the most. Poor people generally don't have savings and are debtors. Debtors benefit from inflation.
Cryptocurrency being open source isn't really relevant to my point.
To your first point, the current views of holders isn't relevant as personalities are certainly not immutable, and as well all know, power corrupts.