After reading several posts on this forum many people seem to think that Bitcoin will always go up. If this were to be the case, why would people spend Bitcoin at all? In this theoretical time, wouldn't it just be a poor financial decision to do?
But aren't people already spending bitcoin? The problem is that there aren't many shops accepting it as payment, but if they were, bitcoin would be much more used as currency than it currently is. People would treat bitcoin the same way they treat fiat: spend the necessary in their daily life and save what is possible for the future. The only difference is that bitcoin is actually profitable to save when compared to fiat, that isn't profitable at all due to corrosive inflation. If it doesn't make sense for you now, once people start receiving their wages in btc I believe it will...