I think hoarding wealth in any form is economically destructive and counterproductive. Buy a tool you have the skills to use. Buy some land. Employ someone. Don’t be Smaug.
Discussion
Hoarding wealth is only destructive (both for the person and the society) when doing it in fiat currencies, as it basically sponsors all the government destruction. When you hold value in Bitcoin you benefit all the other low time preference bitcoin holders by supporting the value of their savings. Obviously, I agree that you need to spend on necessities and set up your life in the first place. But when you compare Elon gov sponsored gimmicks vs BTC hoarding, the latter is way more beneficial overall.
Good point about supporting the value of BTC by holding it. I think you can effectively increase the value of BTC by using it.