Seeming as everyone is hodling, how do we plan to bring bitcoin to mass adoption? No-one wants to spend it, incase of the price going up and loosing out.
The supply cap and speculative investment aspects discourage spending, but they don't mean
no one wants to spend Bitcoin. The network hit > 400,000 confirmed transactions in a day a few weeks ago. Clearly, there is growing transaction liquidity.
Bitpay also released some data that suggests lots of holders begin selling after large price rises.