I think those people that holds their money in fiat and saves it for the best use that they can are aware of the inflation that lessens the purchasing power of their fiat. But, we don't know if they have some plans of spending it to any asset that they have in their minds. For them, they know that cash is king and that's why they are keepin as much stack in cash that they can. Because if they want to purchase some stocks or even crypto, they have fiat ready for it to be done. There's so much that they can do with it but for me, I like to have balanced portfolio. Have some cash and crypto too.
It’s certain that those who keep saving fiat in banks are doing it because they have future plans. It’s a long preparation for them especially if their future project requires higher amount of capital. Now how about inflation? Aren’t they preparing for it?
For me, I believe everyone is aware about inflation particularly that all of us are consumers in nature. So saving in fiat isn’t a waste of value, it’s just one’s personal choice or strategy, however it’s still best if we both save in fiat and crypto.