I dont think its a good thing and was expected to happen soon or latter after NFT found their way into the chain but after all I dont think wealthy people will stop buying BTC for now until fees become outrageous even for them I think we will see more and more BTC going into cold storage and at some point most degens cloud go broke and demand slows down
There is that.... they will go broke eventually, I mean there isn't going to be that much demand for these shitcoins, right?
In the short term for sure there will be demand