75.9% ( 15,947,975 bitcoin) of the bitcoin is already mined so to circulate bitcoin all over the world there is only few bitcoin because many bitcoin user are holding bitcoin and waiting for price hike. So what would happen if the continue holding and we are left with only few bitcoin to circulate. So can it act as global currency or we need some modification.
Think about it!
What is going to happen when many people just hold their bigger stash of Bitcoin but demand on the marekt continues to rise?
I would say the price moves up!
And may move up a lot! Maybe we start to trade and pay in even small units of Bitcoin as we are doing now, who knows.
Holding is not wrong! It's the opposite. It brings more value to Bitcoin.Especially wealthy might see it as a safe haven and store of value or profitable future investment! Don't focus too much on the Bitcoin being a currency part!It's much more than that.