I've recently meditated on this thought. We all want businesses to adopt bitcoin as a payment method and people to pay with it, but I think most people are rather avoiding to spend their BTC as they see it more as a store of value that will bring wealth to them over the next years. So they are more likely to keep their BTCs and spend the fiat currency, thus the use of BTC in day-to-day transactions won't probably go up until people actually get their wages in Bitcoin denomination. But in order for companies to enable that so it will be convenient for both the employee and the employer we need to have the infrastructure in place, including regulations and major stores in the cities accepting BTC.
What's your thoughts on this? Do people prefer to spend their BTC or do anything( maybe even taking a loan) to protect them?
The true intentions of Satoshi for the development of Bitcoin according the whitepaper of Bitcoin was to be method of payment that provides people the financial freedom. But as a result of the increase in the value of Bitcoin, people now see bitcoin as a store of value rather than a method of payment. In order for Bitcoin to be a method of payment rather store of value, the ecosystem of Bitcoin needs massive adoption of the use of it for daily transactions from smaller transaction to bigger financial transactions.