Whithout Bitcoin and other Cryptocurrencies the Wold Financial System Would Collapse

Hey guys -- here is what I was thinking today ...
Governments printing out new money worldwide which is causing inflation. Bitcoin and the other cryptocurrencies are sucking up the extra capital and causing deflation. If we would have no decentralized digital money to invest then inflation would be much higher and economic crises would have happened already.
What do you think? -- Am I right?