"People are storing it"
Which people? It's not all people but only a few people. The few who hold economic rights and privileges that see money get transferred from the hands of the many into the hands of the few.
Is that money really sitting idle or has it been put into speculative 'investments' already?
Anyone who's got any spare cash and doesn't know about crypto (or think is a scam) and can't buy stock or metals, are pretty much saving it for the rainy days, that's what I meant.
I'm guessing a part of that money has already been cryptonized, but I highly doubt it is the majority.