If everyone holds it and no one uses it for exchanging, it doesn’t make sense at all.
The opposite would not make sense either, that everyone would spend it and no one would hold it.
Regarding his bitcoin choices, the pizza spending, I am 100% sure he did the right thing.
Yes, that's why I said that the legendary thing is the purchase of pizzas.
I am just not sure why you said
if we look at the whole picture we will see that he is not a great example at all
Are you referring to the fact that he is depicted as a "modest programmer", as defined in the article, or some actual bad behaviour? i.e. promoting shitcoins or other frauds?