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.
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?
Not everyone who does HODL, on the other hand traders often use Bitcoin to transact. We know that at this time Bitcoin has several uses such as trading and as a means of payment for countries that have legalized bitcoin.
Bitcoin was created as a currency but over time the demand for someone to buy bitcoin is increasing so that the price of bitcoin continues to rise from year to year, therefore many people use the HODL strategy.