why would hardware wallet markets shrink? I would say as fees go up and value in holdings go up, all the more reason you would move to hardware wall for signing.

use as a savings account for larger moves.

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You are thinking in dollar terms, txn fees are relative to bitcoin utxos

no, I'm thinking in sat terms. higher fees equals more sats taken on each tx.... I don't want 2k sats taken in fees on a 10k sat TX. on a 1M sat TX, 2, 10, even 20k sats taken in fees deem reasonable.

Aren't they also relative to equipment and electricity cost? Both of which will go down in Bitcoin terms yes?