How much of it do you think is because of hardware wallet culture or practices? The idea of buying bitcoin, assigning it to some device and putting it in a box to never touch is so dumb to me.
Discussion
But, I think it's prevalent, much like the "You can't mine bitcoin, it's not worth it!" crowd was before Diverter paved the way with his guide.
The nice thing about Bitcoin is that it's really easy to both store your wealth in a hard money as well as use that hard money for daily transactions. You're incentivised to save money but you also need to use it to pay for stuff.
I don't think it has something to do with how people use Bitcoin tbh, it just has something to do with peoples conviction and goals. If you're in it try to trade to fiat profits then I get why you're bearish. If you believe Bitcoin will live on then there's no reason to be a 🐻
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Bay money drives out good. People like to spend bad money first.