I believe that before a money becomes a medium of exchange, it must be an established store of value in the eyes of the masses. I also believe the adoption of a new money take a long time. Bitcoin is still going through its monetization and early adoption phase. Bitcoin’s current volatility make it not suitable as a medium of exchange for people. Imagine someone earning 100k sats only to have its purchasing power cut in half in a few days. That simply does not work for someone trying to use it to pay rent and buy food (even if they find landlord and vendors that accept bitcoin).

Don’t get me wrong, I believe Bitcoin is the best savings technology ever invented; in other words, the best store of value ever. But not everyone believe that; as a result, we have a lot of speculation and volatility. It is simply the phase we must endure while bitcoin is being adopted and being monetized. More hodling actually stabilizes bitcoin’s purchasing power and will help cement bitcoin’s position as the best store of value.

We need much greater adoption and more stable purchasing power in bitcoin before the masses will use it as a medium of exchange. Until that day comes, I see nothing wrong with hodling and hodling should not be demonized. After all, bitcoin is freedom money, and anyone should be able to use their coins as they see fit; be it spend and replace or hodl or degen trade or even trade 1 sat for 1 million sats.

I say do whatever you feel will help adoption while making sure your actions align with your values, while remembering that you are responsible for your actions. Personally, I’m just going to keep stacking, keep hodling, keep working and keep it real.