However, the interests of a person trying to figure out how to save money run counter to saving it in an inflating instrument like the ARS, or, to a lesser extent, the dollar. From that perspective, deflation is even better than stability. Bitcoin is likely an improvement for the individual person who chooses it, independent of how it affects the economy for the wealthy to rebalance their portfolio away from REITs and toward Bitcoin, if that happens.

I agree that Bitcoin would be a lot more useful if its value were less unstable.