Not really. At some point, because it is currency (and not just an asset), it is useful and needed in commerce. Those products and services that actually provide usefulness become valued, while extemporaneous superfluous expenditures.
Here is a good example of the difference between currency and an asset. You had $1000 in 1987 to use. You could buy an Apple MacBook, or invest it in Apple stock. Looking back did you make the right decision between Asset or Currency (buying something). Now, if buying the MacBook made you enough money, to later buy $1000 in stock, and other things (it was a tool) then you made a good decision. If not, then it wasn't a good decision.
The long term view of deflationary CURRENCY is that it is also an asset, but it also remains a currency. It has double usefulness. Inflationary currency is a long term net loss if you hold it. It is a liability. The currency part means that you work hard, and save ANYTHING it because a net gain for you. There is no loss over time.