Holding is looking like a safer option for good futures but for that scenario to happen faster bitcoin also needs to be used as a daily currency for people to take notice and want to buy some.
Greater demand placed on a currency in some countries would just have them printing more but that is not possible with bitcoin so the value of the coins already in circulation gains in value and we all get richer in code.
In the bitcoin community there are two types of people, the ones who saves the bitcoin for a long time and dont spend it because they believe that they could become rich in 10 years, others who uses bitcoin as a type of quick investment and spend it as soon as the price goes up so there is no worries about spending bitcoin.
People who are earning bitcoins in different ways won't hesitate in spending them as they are well aware that they can earn it back but for those who treat it as a pure investment will never prefer to spend them as they are looking to make huge profits from it in future when price goes higher.