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?
You know this is the problem with every deflationary currency which operate against the value of goods meaning that goods get cheaper each day. This way people would always maintain a hoarding tendency which mean they would rather end up storing it than using it as currency. This continuous appreciation in the value of bitcoin is making it much more dearer to holders thus making it more of a store of payment than a currency.