The high inflation in the United States and around the world is one reason why scarce commodities like cryptocurrencies and gold will do well in the future.

Fiat currencies are worth less with each passing year but Bitcoin (and most altcoins) were designed to have a limited supply to make them deflationary.

However, someone did point out that the cryptocurrency market is being flooded with new coins so in a way, there is a huge supply. Some will succeed, but most will fail. I think the cryptocurrency market might be better off if there were only 10 or 12 cryptocurrencies that were widely used.