Obviously Bitcoin price; the amount Bitcoin is worth at a particular time, and Bitcoin usage; the rate at which Bitcoin is adopted and used. The above phenoms surely has implications, one may be tempted to as; which is more important? The interesting fact is, price affects usage both positively and negatively. An increase in price attracts high usage, and vice versa. Conversely usage also affects the long term pricing of Bitcoin. Price has short term implications, usage and acceptance has long term implications. From the aformentioned, I can conclusively say; Price and Usage are phenoms that can influence the volatility of Bitcoin
Both are important and related to each other.
Price is heavily influenced of the usage since no one will be interested on buying Bitcoin if there’s only limited usage for it. While the usage will decrease if the value of Bitcoin is always dumping since it gives a high level of risk to potential user that will purchase the coin.
Both are important and there’s no less important imho because everyone considers every aspect of Bitcoin for their future investment.
As holder, I rarely use my Bitcoin but that doesn’t mean I’m not utilizing its usage since I’m storing its value for future investments.