Because of the value of Bitcoin, people will hoard it,
it is not the value why people are holding this , instead the belief of what this can move in the future .
Take me as an example. I will invest 20% of my salary in Bitcoin because I think Bitcoin is very valuable and I believe in Bitcoin, so I think Bitcoin is worth investing in.
But if you let me buy something with bitcoin, I will hesitate and pay with fiat currency first.
have you already vested ? or this is just another shitpost to lure spammers?
Although people can pay in any way, will Bitcoin be your first choice?
if given a chance? of course i will because i believe that this coin must be consume to recycle and stay longer .
In my opinion, Bitcoin is a store of value, not a currency. There may be cryptocurrencies becoming legal tender, but not now, volatility and supply and demand need to be considered.
It is your opinion but if bitcoin is just for store value then this will be dead any time soon.