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?
We cant all have the same point of view and to be realistic using bitcoin as a store of value doesn't mean bitcoin won't adopt as a payment method by the store owner or merchant. However, the major problem we have now is people ignorant about bitcoin and some government not legalizing bitcoin.
With that been said, I used bitcoin as a store of value and I also use it as a currency but it all depends on expense.