The other point why is, currently, Bitcoin is being purchased and HODLed by us more as a commodity that will have higher value later, rather than something that we actually need/use today.
It's also laughable that many people are not trying to get the context.
The reason why majority of us hodl bitcoin for higher value later, other than what we need/use today is that, most countries haven't legalize bitcoin as legal tender. So many people still find it more difficult to see businesses that are accepting bitcoin in their region. So the only option they are left with is to buy it and hodl for as long as possible, so that they won't miss out. The more bitcoin get adopted and legalize in many countries, then we will see significant rise in use of bitcoin as what we need/ use today.
Another reason is because of the profitability that people have seen in bitcoin, that is making it look like most of us are now more concerned about buying bitcoin and hodl, and neglecting the other purposes that bitcoin was created for, such as payment for goods and services. People don't want to lose something as precious as bitcoin to pay for products or services, when there are still alternative way to pay for it. Unless that alternative is proving difficult to use, that's when they can turn to utilize their bitcoin for that regard. But seeing how bitcoin has been appreciating over the years, it is only common that majority of people will hodl it as commodity rather than what we need/ use today