Or someone holding an appreciating currency dodging capital gains tax. By using btc you avoid paying capital gains tax since basically everyone who holds bitco

Or someone holding an appreciating currency dodging capital gains tax. By using btc you avoid paying capital gains tax since basically everyone who holds bitcoins right now has seen their investment go up in value. Converting back to usd is not as good as spending the btc. It is kind of nice having a currency that appreciates in value over time vs slowly getting robbed by inflation or capital gains tax. As a vendor right now it makes sense to accept bitcoins and immediately convert back with bitpay or equivalent because there is no risk, lower transaction fees, and you open up your business to selling to people who want to do business with bitcoins for a variety of reasons. Some crazy reasons, some more rational reasons, but it really doesn't matter because they have money and want to spend it in btc. Also I suspect there is a lot of "new money" in bitcoins right now made up of people who got lucky as early investors but have little or no sense of money management and tons of disposable income. This group of people make up a very desirable customer segment. I expect we will see a lot of businesses selling luxury goods rush into the bitcoin space soon(Like people selling space trips that may or may not ever exist).