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Sure, my point was that there are many reasons someone might spend money today that might be better off saved for the future, however much it may increase in value.


> there are many reasons someone might spend money today

Yes, because that's the value of money. Bitcoin isn't money. It's a speculative asset precisely because people are hoping its value will only go up.


I'm speaking from experience. I literally spent Bitcoin last week that I would rather have held, because I needed the money.


And yet, en masse Bitcoin is used as speculative investment, not money.


All investments are speculative.


> It's a speculative asset precisely because people are hoping its value will only go up.

This is the same for any currency trading.


Yes, bur you dont want to limit your populations spending to just those essential items.




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