So you have to beat inflation and also the performance of other investments to say that your Bitcoin investment was a better investment, than other alternative investments.
Let's say your inflation is 5% and your best return on some other investment is %20 per year, then your Bitcoin price increase will have to be more than %25 to beat the alternative investment.
Let's say you hoard for 5 years, then you would need a price increase of 125% to beat your alternative investment returns over 5 years.
So we cannot have a price increase of 800% in year 1 and then a price decrease of %400 in year 2 and another price decrease of 200% in year 3 and so on...
Hope you get at what I am saying. Hoarding might be harmful to your profits, if you do not cash out SOME profit on the ATH.
..... You might end up with a bitcoin worth $100 in year 5.
So if its more about how useless our money could be
bitcoin remains bitcoin as long as you have it and don't sell.
Inflation is a mechanism created by the governments to be able to keep on printing the money every year, i think that in 5 years you will be able to actually
pay with crypto and don't have to change it into real money to avoid inflation.
I don't think that bitcoin need to be constantly growing, last year it took only 1.5 months for bitcoin to go from 6k to 20k $.