Obviously fiat is far from worthless. No doubt doubling the money supply has consequence, but that's not what is interesting to me here; what is interesting to me is the difference between those preaching crypto salvation and the gold bugs.
Gold is a terrible currency. Crypto is far less so, and in some aspects, it beats fiat. But most importantly, crypto is evolving, and will continue to. I can see crypto becoming the most useful form store of value.
For that reason, I do not view my crypto only in terms of how much fiat I can exchange it for. I'd never exchange it all for fiat.