How can you say everyone is holding? We have now a 24h volume of $20.687.254.431, which is 20 billion dollars being negotiate every day.
Few stores accept BTC for now, so it´s not easy to use it as payment method for now...
You just proved his point.
That's what he said, 1.3% is used for buying stuff, rest is for in and out of exchanges (trade).
Mass adoption doesn't mean everyone will trade but that everyone will use it to buy stuff, at least that's my opinion.
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.
We also hit 450k during December, and this wave kind proves that the increasing number of transactions has more to do with price swings that real life usage.
Another point would be that during the first semester of 2018 we actually had fewer transactions than during 2016.
Unfortunately, it is not possible to count LN transaction growth, that would be probably a better indicator of how purchases via
BTC are evolving.