No, of course not. But surely we want the currency to circulate. If nation states and large institutions (perhaps even hodlers to some extent) gobble up all the bitcoin, do we not risk there being too little left for it to work?

(Of course, if what does circulate is adopted as a currency, prices would likely be high enough to entice holders to spend. I'm just worried it'll be more difficult to adapt to using it as a currency if most is held for the very long term.)