I would like to point out that inflation fell to 5.3% this August...which isn't much better, but could be a sign that things aren't as gloomy and doomy as one would think.

I do agree that the aggressive fiat printing plays a part, but it feels like it's more of a byproduct of people being able to go out and spend again, with supply still lagging behind. Things are expected to go back to normal as unemployment goes back to normal (which in turn lets supply chains go back to normal capacity), and while that may take a good while I honestly don't believe that the US is in any risk of going into hyperinflation. The money printing is likely a different issue altogether, and we'll probably feel that in a different way down the road.

But yeah, regardless of which side of the fence you're on, diversifying is never a bad thing, and Bitcoin has proven to be a strong option.