For those who don't know me I posted a thread last year about my experience with bitcoin.
Recently I noticed some interests in Kuwait regarding Cryptocurrencies. People are buying Bit/Alt coins as a store of value and for profits (as opposed to its original purpose, serving it as a currency.)
Now there are few things that I can't comprehend. The Kuwaiti Dinar is the top currency in the world, and bitcoin was created to replace fiat. My question is: How will BTC price increase in value if people are buying it as a store of value (as opposed to using it on regular transactions?) And why are Kuwaiti's buying BTC when our currency is the top in the world? It just makes no sense to me
I ask this since I'm still reluctant on whether to go back to BTC or stick with my currency, but seeing my own countrymen started accumulating Cryptocurrencies has gotten me lost in this Crypto world 
Recently I noticed some interests in Kuwait regarding Cryptocurrencies. People are buying Bit/Alt coins as a store of value and for profits (as opposed to its original purpose, serving it as a currency.)
Now there are few things that I can't comprehend. The Kuwaiti Dinar is the top currency in the world, and bitcoin was created to replace fiat. My question is: How will BTC price increase in value if people are buying it as a store of value (as opposed to using it on regular transactions?) And why are Kuwaiti's buying BTC when our currency is the top in the world? It just makes no sense to me
I ask this since I'm still reluctant on whether to go back to BTC or stick with my currency, but seeing my own countrymen started accumulating Cryptocurrencies has gotten me lost in this Crypto world