Yup, which is very compatible with the view that crypto is more accurately described as an asset than as a currency. If it were a currency, the constant large fluctuations and inflation of its “price” would be a bad thing, but as an asset? Great! Best of luck finding the greater fool before the rug is pulled out though.

GP comment wasn't about investment assets, but about currencies.

No. Cash holdings tend to be kept around to be used.

Right. But you do expect money to not lose much value in the future. With current national currencies, you can't retire on cash savings.

With crypto"currency" (which I agree is more like an asset), you can, if the supply is fixed and the demand were roughly the same.