Many people say Bitcoin is "digital gold" and prefer to HODL, waiting for the price to rise.
But if a large percentage of holders keep stacking and rarely spend their BTC, what will drive everyday circulation in the future?
My thought is that the network works because different people have different goals. Some hold long term, some take profits, some spend, and new buyers keep entering the market. That constant flow creates circulation.
Do you think Bitcoin can become a widely used currency while many people continue to treat it as a long-term store of value? Or will spending only increase after adoption becomes much larger?
Curious to hear different perspectives.
This is it. Beyond purely financial goals, though, it works because some bitcoiners are idealistic maniacs, who go to great lengths to find ways to use it.