That was my first thought too.
However, as, and if, crypto continues to grow and replace the fiat system, wealth transfer will become more a feature, as crypto is used to purchase goods, the value of fiat will decrease.
While not being directly transferred to crypto, the value it stores will be indirectly transferred to crypto, as goods are denominated and preferentially bought and sold with it.
So there is some indirect transfer ongoing, in addition to new wealth being created, and as the crypto market grows, this indirect transfer will grow as well.