If everybody held their BTC
Everybody
don't hold bitcoin. That's what matters. What would happen if everyone did, is another story.
I realize that. What I was trying to get across was the "another story" aspect, which is the logical result of everybody holding their bitcoin, which is the mentality that some bitcoiners like to insist upon... that it should just be held indefinitely.
The fact is, if you're living off the basic income, need cash and you're out of liquidity, you're going to sell your bitcoin. People who don't run out of liquidity (i.e., rich), with the same mindset and reasoning, will probably hold it for longer.
This is if you treat it purely as an investment, which its not. It was meant to be a digital currency or "electronic cash" first and foremost.