Of Course No One Is Buying Goods With Bitcoin, It Is Probably Going To Go Up In Value Soon

There is this fallacy when it comes to judging how popular bitcoin is by how many people are using it to buy goods. But this does not make any sense. Any one who bought bitcoin thinks it is going to go up in value. Maybe they think this because they like the tech or maybe they are speculative traders but either way they do not think the coin is going to be worth less than what they bought it for. And if you have a bunch of people who think the thing they hold will be worth more in the future why would they trade it for something when they could just use fiat. That dollar bill in your pocket will be a dollar in the future (and will have less purchasing power) so it makes more sense to use it to buy that item online than your bitcoin which could easily double.

Now I cannot say if bitcoin will or will not be worth more in the future or if it will be less (I think it will be more personally) but everyone who has it didn't buy it thinking it will go down. This is the same for any crpyto that they own.

Sure bitcoin can be money and people can use it to buy goods in any country without having to exchange it. But when you are looking at an oversold market so not be surprised when you see that no one is spending it.

I don't think this will change in the near future. There will be more stable coins that are used as a type of currency but it looks like btc will be digital gold with the option to spend it in some places if you want to. Once it becomes really easy to spend and transact it will make sense that a lot of places will include it online as an option.

Time will tell but either way I would not use the number of people who are using btc as a currency as a measure of its value at all.