When you apply this same standard to bitcoin and other cryptocurrencies, it becomes clear that it doesn't matter that only a few percentage of it is used in tra

When you apply this same standard to bitcoin and other cryptocurrencies, it becomes clear that it doesn't matter that only a few percentage of it is used in transactions because that's just the m0 supply, m1 for larger transfers, and m2 for large investments when desired. So it doesn't make sense for that to be an argument against cryptoassets as a money surrogate, when it actually is acting like all other currencies in that regard. That doesn't mean there aren't stronger arguments, its just that people gravitate towards weak arguments.