It's the same opportunity cost whether you spend from your BTC account or your USD account! You're choosing between "should I buy a phone or 0.1 bitcoin with th

It's the same opportunity cost whether you spend from your BTC account or your USD account! You're choosing between "should I buy a phone or 0.1 bitcoin with these dollars?" I think the presence in the market of an asset that many people believe is continually underpriced would have a general effect on spending, not just on the utility of that asset as a medium of exchange...