I love Andreas Antonopoulos. Having said this, he recently said something in one episode of his podcast that surprised me. He was talking about living on Bitcoin and he said that he HODLs his BTC and basically spends only USD. He gets paid in all different fiat, and he spends this fiat for his daily life. When he can, he buys more BTC and HODL.
I think people who holds crypto (not only BTC), are holding BTC for investment instead of using it as a transaction money because people are get a lot of profit from holding it for a long time. Everything that could brings profit for the people, people will use it as their income and ignored the purpose of the things was made.
While I understand that many of us HODL, isn't this just wrong for the future of BTC. First, Satoshi created BTC as a currency. It is intended to be spent. Second, if everyone HODL and nobody spends BTC, isn't this becoming just a pyramid scheme?
It's the same like stock markets when the stock value increasing each time if the demand of the stock is increasing also. So we could say it as a pyramid scheme because it's totally different. The value of BTC in the market is real, not manipulated value.