With thorough research about the economy you'd realize the fiats hasn't only been depreciating of the recent like we may have lately perceived it especially after bitcoin has been showcased as rescue but has been doing so since the world economy system also advances catching the trends and the good atmospheres.
So unfortunate for those comfortably holding funds in the fiat for long term even seeing the economy improving without realizing the stacks in the banks purchasing Power is devalued due to stability.
It's almost a century now when the conventional system deviated from silver and gold intrinsic backed and the standard timelines was shifted and isolated the system from backed.
These're what the governments wouldn't tell us that's why they're discouraging bitcoin and crypto currency while countries with the visions to rescue their citizens from that dark will always support it regardless that it's decentralized but also volatile and store of values.
Holding our funds on bitcoin ahead of the economy improvements or manipulations is a safe haven against inflations admitting that as the economy grows is the more recessions in the future where only valuable and potential assets with stronger market cap backed can help it.
Having too much funds sitting around in fiat is indeed a waste, funds in fiat should only be a little amount in case of emergency and also everyday expenses but putting your entire finances in Bitcoin isn't a good idea too because it will only make you keep selling at a lower price before you use your own money to sort yourself out. Holding your funds in crypto currency is for investment and growing your funds for future purposes but that doesn't mean that fiat doesn't have its value and importance regardless of how badly we are being robbed by the government, Bitcoin is volatile and one of the ways to make good profit and grow your funds in it is by investing on the long term goal so during your time of holding Bitcoin on the long term goal you will need your fiat currency for your daily expenses.
Both has risk for long term so we should make it balance. With bitcoin and cryptocurrency not widely accepted right now, it really is necessary to use fiat to sustain our basic necessities. Any excess fiat should be put to an investment so it will not remain stagnant while not being used.
Bitcoin right now are more of an investment like gold since its value has been rapidly growing over the past years. It could be a loss spending bitcoin now and then we see its value double on the next halving.