Would operating on a Bitcoin standard hurt the pace of innovation ?

Hi, first I do believe that Bitcoin is the superior store of value and it's a matter of time before it claims that status in terms of market cap. I am also very well exposed to Bitcoin in my investments.

However, I am kinda having second thoughts about it becoming the global monetary standard or the unit of account.

My main concern is that if everything would be denominated in Bitcoin then ,considering that Bitcoin is deflationary, people would tend to not spend their Bitcoin because they know they can buy more stuff with it the more they wait. This will be counter productive to economical growth and technological innovation because it will mean people will take less risks like starting a business/project or investing it in some kind of endeavour. The fiat standard encourages people to spend as soon as possible (which is not the best because most will spend it on unuseful things) but the "positive" to this is that it forces some of the people to also take chances and risks trying something entrepreneurial.

The easy access of capital and dropping purchasing value of fiat makes a lot of people try to start business etc and obviously while most of them will fail the few that succeed are very good because the competition is so fierce. It basically makes the innovation process more ruthless and hence the outcome more optimal.

Obviously, a fiat standard sucks in so many other areas that I don't need to state here so it's not a good solution either but maybe some kind of also decentralised money with a preprogrammed dynamic inflation in it or something like that to keep the people "on their asses" to innovate ?