It's actually crazy that people don't talk about Bitcoin more. They are just busy saving fiat, which actually devalues like crazy...
Are you serious with this? Like people hodl fiat instead of bitcoin? I would have understood more if you say people convert bitcoin to stablecoin and not fiat.
During bull time you are sure of an increase of at least 100% of your btc hodling, so why lock up your money in fiat where keep getting charged on your bank account maintenance amidst unexplained deductions and devaluation of fiat. Fiat is a inflationary currency as it is affected by their government policies and financial decisions but bitcoin isn't controlled by government. Bitcoin is deflationary, it has fixed amount in its supply unlike fiat and that has contributed to the growth of bitcoin.
You get it wrong.
He mean people that not invest in Bitcoin, not someone who have invested in Bitcoin. Obviously people who invest in Bitcoin mostly choose to convert their coins to stablecoin since it's more convenient.
People who saves fiat mostly think the interest rate of time deposit are enough to hedge against inflation and make them to earn profit, while Bitcoin is a high risk investment for them.