It seems that during these times of turmoil, Bitcoin's prices are increasing at a slow and steady rate.
No doubts, the price of bitcoin have increased tremendously during the pandemic, it has also been able to hit its ATH after 3years, and it reached the ATH during a year when the financial system of the world crashed, who would have known that the pandemic would favor bitcoin afterall

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This gives Bitcoin "hodlers" greater spending power than before in terms of Fiat.
Bitcoin hodlers definitely have more spending power right now, because as the price of bitcoin keeps increasing the value of bitcoin compared to fiat is also increasing,meaning hodlers can use their bitcoin to buy more things now,but I'm not sure a real hodlers will still want to spend his/her bitcoins right now,they will want to keep holding it.
What would be the right thing to do during COVID-19? Should I spend Bitcoin or should I just "HODL" it?
Any advice, recommendations, or suggestions will be greatly appreciated. Thanks in advance.

If you don't need the money urgently, then there's no need to sell your bitcoin, it's best you keep holding them.