First, I reject the validity of the term "hoarding". It's a loaded term largely based on primitive and discredited economic theories. If you want to argue it, we can do that, but I'd prefer we use a neutral term like "holding" or "saving".

In any event, it's not that simple as "better" or "worse". Investment strategies have to balance risk and reward and have to fit into other investments. If you think Bitcoin will be worth significantly more in two years than it is today, you likely can't do better than holding them.

And, of course, there are lots of real businesses with real business activity that might be a sensible investment.