On the whole business side like actual businesses for them to keep it in circulation it would have to take for their suppliers to also accept bitcoin you see Where that goes.. If the mom and pop shop needs to sell the bitcoin to pay the supplier for the things at the shop that stops the bitcoin from circulate. That's the problem that I'm seeing.
Discussion
Maybe, but that is tangential to my question. I am asking about “cold storage” 🐶🐾🫡
Cold storage just means you have a device with 24 words that's it. You see I spend BTC everyday. But there's a certain amount of BTC that I consider cold storage because that amount I will never move. And I don't have a device. I use Phrases for my passwords 4 to 6 words as well.
I get it. But that still depends on how much of that is seating and literally does nothing. If it doesn’t flow in sufficient amounts, it doesn’t grow! 🐶🐾🫡
i find John Pfeffer’s analysis of the “velocity” of tokens a compelling explanation for why hoarding is a valuable aspect of bitcoin
https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf