Except cryptocurrency -is- fiat money. The only "work" involved in its creation is electricity and bits, a profoundly TOXIC manner in which to "create value." Scarcity alone does not create tangible, lasting value. Moreover, most crypto trading is on the darknet, and most darket transactions are illicit. Today, we're worried more about DE-flation, a true 1930s-style global depression caused by a perfect storm of climate change, job automation, population explosion, resource scarcity, and growing socioeconomic inequality. The Euro and U.S. dollar won't become worthless in a deflationary period, they will remain the currency of merit, though fewer and fewer people will have reasonable access to those dollars (and it will be worse with crypto).

Libertarians and anarchists and preppers are -not- hoarding crypto. They're smarter than to think that a "bit-code" has any lasting trade value. Prepps are holding gold, silver, platinum, rhodium, palladium, raw land, building materials, seeds, community access, and other tangible "goods and relationships" with "real intrinsic value" that will be traded for as long humans roam the earth. I have no use for crypto when dollars are the dominant trade. And when national currencies fail along with crypto bits, I will gladly trade a silver piece for a bag of rice.