Indeed but it is not just absorbing fiat money. It is also absorbing all the monetised substitutes because fiat does not hold value. People hold art, Rolex watches etc. all these will drop significantly as they become demonetised. Bitcoin will absorb so much more than all the fiat money. And yes when money itself is the apex asset all other items become either liabilities or high risk speculation vs money itself there is no reward without significant risk.