As much as I think Bitcoin is just another bubble that will eventually pop, the idea of infinite divisibility put together as a con eludes me. If I have one bitcoin today, and they break it up into many pieces to come up with trillions of pieces vs. 21 million, my share hasn't lost value. Its just like a stock split. Fine, do a 10 to 1 split, and my $500 stock just went to $50, but now I have 10 times as many. Its not a dilution in any way.
What is worrisome are new digital tokens that develop mass adoption, but simply moving to a fraction of a bitcoin and trading satoshis doesn't devalue whatever you already own.