Bitcoin started the trend for blockchain technology, and we're thankful for that. But it doesn't really do what it originally meant to do anymore.
What has bitcoin ceased to do or be ever since inception, once the network protocols does not change that bitcoin becomes centralized such that some can manipulate it, the value and acceptance remains the same.
Most people who invest in Bitcoin plan to keep it for a long time, like around 80%, according to statistics. The current idea that seems like a sure thing is to buy small amounts over time and hold onto it.
Maybe we shouldn't assume upto that rate as you've stated that 80% are long time investors, some prefer using bitcoin for their daily spendings instead of fiat, some is to have their privacy and control, some trades and some are whales who hodl for long, but i don't think we can have upto that rate in numbers of bitcoin holders.
Remember when Bitcoin was supposed to be used for sending money directly to each other? I know there are ways to make it faster and cheaper, but there are newer and better choices now. Plus, the price needs to be steadier to work as money you can use every day.
We should stop comparing bitcoin with fiat, bitcoin can perform every use we can take with fiat and many more others, bitcoin transaction is faster, cheaper and transparent.