That's not entirely true.

On Twitter follow @Lorinaura who has been documenting their travels where they attempt to spend in bitcoin whenever they can.

https://twitter.com/Lorinaura/status/1595070682987376643 [Nitter]

The petro station, the rental car agency, etc., ... they struck out on their first try but they were eventually able to find merchants who accept payment in bitcoin.

When there's a rally, the wealth effect causes many people to be comfortable spending some of their bitcoin. But in a bear market, the main reason you are going to spend in bitcoin is if you also earn in bitcoin. And that's what occurs very rarely yet today. Remittances to El Salvador ... ok that's one way that people are receiving bitcoin. But otherwise, who is getting paid in bitcoin? Very few -- maybe some freelancers, etc. And if these merchants are using Chivo, or IBEXPay or some other payment processor, those bitcoin are being teleported away and not circulating locally. The merchants could help the situation by paying suppliers and staff in bitcoin.

But let's see -- after the price has bottomed, I bet more merchants will want to hold bitcoin rather then convert to fiat the revenues they receive that are paid in bitcoin. Then workers and suppliers will want to be paid in bitcoin as well, so the merchants will be more likely to honor those requests as they already will have a bitcoin stash and can pay out of that.

When there's only 2% of the population that uses bitcoin, for example, and that doubles in say .... six months to 4%, that really isn't all that noticeable. But when there's 10% of the population that uses bitcoin and that doubles to 20%, then that most certainly becomes noticeable. Whatever catalyst caused the increase from 2% to 4% also can also be what causes a 10% to 20% increase.