Bunch of people own gold, they don't trade with it or do anything, most of it is stored in some boxes collecting dust, yet I don't see gold doing bad comparing with fiat.
But even if every person in the world decided they didn't want gold anymore, there would still be a demand for gold for microchips, circuits, machinery, chemistry, jewellery, etc. If every person in the world decided they didn't want bitcoin anymore, then bitcoin would have no purpose. Bitcoin's purpose
is to a be a currency, and the constant price rise in terms of fiat is exactly because you
can use it to buy goods and services.
True, but can you really spend single satoshi or milli.satoshi onchain?
I can imagine this will be even harder in future.
At the moment obviously not, but should we ever reach the "global adoption" phase of bitcoin being the primary currency of a significant proportion of the global population, then I will imagine we will have forked to add several more decimal places long before then. We can't have the dust limit being 294 sats being the smallest you can send when 294 sats is equivalent to >$10.