> If everyone’s just converting back to fiat anyway, only keeping enough BTC transiently to settle transactions, why hold it long term? People aren't doing thi

> If everyone’s just converting back to fiat anyway, only keeping enough BTC transiently to settle transactions, why hold it long term? People aren't doing this now though. They are buying bitcoin and holding (hodl) or they are trading that bitcoin for other crypto. I think most people aren't using it as a currency, more so speculation