If normies are broke, and fiat is dead and perpetually inflating, who will be responsible for future pumps?

Things appear stable at the moment. All the broke normies have about as much BTC as they can get, adding little bits here and there.

I don't understand who anyone thinks will create generational / institutional pumps other than... Institutions. Which then get normies to add what little they can (if not taking out loans for it) before subsequently rug pulling yet again.

BTC is the perfect hedge against inflation, but none of the inflation actually goes into the pockets of normies, it's literally just cronies printing money for each other, so how does that work out in practice?