You should blame Governments of the world, for holding interest rates at lower levels than the inflation rate.
eg. the USA inflation rate is 2%, whereas the interest rate is 0%.
Its inevitable that savings will flow out of fiat and into all kinds of other assets. This is the entire purpose of low interest rates - to inflate the value of assets held by retirees, pensioners, and the ultra-wealthy.
Bitcoin is unique because the supply cannot be expanded (beyond what is scheduled as rewards for miners) - unlike gold, shares, living spaces. Its also significantly more liquid and easier to transact than any of those assets because it is digital and global.
eg. the USA inflation rate is 2%, whereas the interest rate is 0%.
Its inevitable that savings will flow out of fiat and into all kinds of other assets. This is the entire purpose of low interest rates - to inflate the value of assets held by retirees, pensioners, and the ultra-wealthy.
Bitcoin is unique because the supply cannot be expanded (beyond what is scheduled as rewards for miners) - unlike gold, shares, living spaces. Its also significantly more liquid and easier to transact than any of those assets because it is digital and global.