Bitcoin holders don’t want Bitcoin to be useful for spending or transacting, or even selling. Previous attempts to increase the block size, a trivial modification, have failed to gain traction.
They only want Bitcoin useful for two things: Buying and holding. These actions drive the price up. As long as no one is using or selling Bitcoin, the price stays high.
Between the high transaction fees ($8 right now), the deflationary nature, and the “HODL” narrative, everything about Bitcoin was designed to disincentivize actually using it. It’s designed for hoarding and speculating.
They only want Bitcoin useful for two things: Buying and holding. These actions drive the price up. As long as no one is using or selling Bitcoin, the price stays high.
Between the high transaction fees ($8 right now), the deflationary nature, and the “HODL” narrative, everything about Bitcoin was designed to disincentivize actually using it. It’s designed for hoarding and speculating.