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?
As of now, since bitcoin is not yet fully accepted by merchants as an alternative mode of payment, people use bitcoin as a store of value. People have only few options where they can use it as a mode of payment, it is either to purchase something online or pay for services rendered. In time when bitcoin can be used anywhere, things may change, bitcoin will be circulating from one merchant to another.