That could be. It’s Gresham’s Law. People spend their worse monies first and hoard their best money. It’s the reason that, if I have both fiat and BTC, I prefer to spend fiat first. You always keep the money that preserves your purchasing power the best.
Discussion
Or maybe because it's too expensive to use and to make a private transaction.. so they use it like a digital collectible as Saylor suggest
Just zapped you 42 sats. That seemed pretty fast and inexpensive to use. And lightning is fairly private for senders.
Thanks. Do you have your btcln node? Because in some countries custodial btcln wallets stopped to work
https://bitcoinnews.com/legal/wallet-of-satoshi-quits-us-market/
A monero fullnode selfhosted is easier to mantain