They are true descriptions. But human action changes the game. That's how economics always works. You don't have to talk to me like I'm an unthinking redditor. Economic laws govern everything, and yet individuals govern what economic laws will apply to them at any moment.

Notice that I didn't say EVERYONE will or should hoard ALL their bitcoin. I merely implied it's a natural tendency, it tends to often be the rational thing to do in current conditions for a lot of people.