Precisely. Sound Money. The gold standard. any standard of a deflationary money does not prevent drepression level events or cultural cycles. Even the Bitcoin standard.

Islam and Judaism prevent the type of thing you mention. Their cultures forbid finance cycles like you describe and prevent psychologies arising like the ones you mention. Does that mean they need Bitcoin less ? No.

There are different schools of thought on what lead to the depression, each pushing their own version and sequence of events. They are all probably right on some things and wrong on others. I've studied your version and other scholars make their career out of arguing the contrary. The truth is a messy complicated mileu between them all, with no single solution.

Cheap energy, technology and war ended the depression and lead to the boom. All under sound money.

I am pro-bitcoin , but i have no illusions it will fix human nature. It does one thing well. Checks government abuse of power through money. It gives a way out. It does not fix your life.

How many bitcoin millionaires have killed themselves through drugs and alchohol ? How many are in pieces in a bag at the bottom of a river ? How many are showing the worst side of themselves and would have been better never to have heard of Bitcoin?

Bitcoin is a lifeboat, don't mistake it for the beach.