I think there's another issue, tho. The value of Bitcoin, like the value of anything, is subjective. If you put your savings into Bitcoin, but other people don't want to use it (because of the toxic combination of low velocity and shrinking supply; i.e. there isn't much of it, they aren't really making any more of it, and what exists hardly moves), then it loses purchasing power because other people value it lower. We can already see Bitcoin losing out to gold, for instance.