He makes a solid point, and he’s got plenty of it so he can comfortably spend it 😄. But if you’re still at the “pleb” stage with your bag, it’s usually wiser to just HODL and focus on growing your stack.

There's many philosophies and narratives what Bitcoin is and what Bitcoin is not.

The truth is. It is all of these things. It depends on the time and place.

The biggest narrative in recent years was the one of digital gold. Why? All fiat currencies are getting debased at a much faster rate than we were used to from earlier decades. Why use Bitcoin? It's scarce, it's limited, when fiat debases scarce things go up measured in fiat currency.

Why didn't it take off as payment so far? a) a f**ked up tax system in most countries where you would need to track every coffee you buy and do some calculations how much you owe the state for holding good money once you spend it. b) Gresham's law. It basically says: if I have 2 moneys and both are accepted, i will spend the bad money and keep the good money. And c) most people in western countries don't have issues with fiat payments. They are fast, comfortable and easy.

Especially point c) now is when this might change (remember a different time and place).

Once central banks go on their cbdc surveillance mission, and we lose regular payments like cash at some point (they say it will stay, but just wait a few years) you might happily spend some Bitcoin to buy something just to stay out of the CBDC dystopian control (had to much meat, gasoline, heating, ac..) Suddenly paying in something outside the system might become super important to many people. And suddenly the narrative is that it's freedom payment money.

It is whatever people value it most for and this might as well change over time.

Bitcoin has a store value only because you anticipate spending at a later date.

step 1) hodl bitcoin

step 2) go all in on bitcoin

step 3) use bitcoin as money because that’s all you have