Wrong all the things you touted do not operate in a vacuum. Money is NEVER consumable good. You don't eat money, you can't wear money, you don't build houses with money. The money being in the possession of someone means someone else consumed either actual resources of the holder or their time. Any businesses " collapsing" due to price deflation (which remember is a thermometer of ALREADY PRODUCED productivity) means that they didn't have a viable business model and those that have horded their money can now deploy this capital and acquire these resources to better use cases. You need to read this book as your mental model for how things in an economy operate is completely flawed friend. https://cdn.nakamotoinstitute.org/docs/the-ethics-of-money-production.pdf Bitcoins value is not derived from currency like utility. Bitcoins value is forever and always derived from the value that others place upon it and as value is a subjective human phenomena, it can only be known by the holder what value it is giving the holder.