>> Now even if lots of organisations choose to hoard tokens instead of investing in the real economy..

While the vast majority of crypto 'investors' are in it for the moons, market conditions for their moons wouldn't exist without the strong foundation of people who see crypto as a way to opt out of what you seem to be calling the 'real economy'. You could call these people 'crypto anarchists' but that word is pretty loaded. These people believe the only way to be free is to remove centralized decision making from the hands of people / hierarchical institutions. (some) Crypto is a declaration of war on centralized power / decision making

Author here. The "real economy" doesn't mean the centralized economy. It means the economy where goods and services are produced (not just traded). It's possible for the economy to get into a state where people don't want to invest in starting or maintaining businesses, even small or underground or illegal ones, because it's more advantageous, at least in the short run, to simply hoard tokens.