Bitcoin is meant to be money - not just a “store of value” or “digital gold.”
To be money, it has to actually be used as a medium of exchange. The more bitcoin circulates, the more adoption grows - and with adoption comes long-term appreciation, because bitcoin is scarce.
That’s why it’s crucial to spend sats and support businesses that accept bitcoin. When sats move, business owners take Bitcoin seriously - and once they do, others follow. Moreover, the more places accept bitcoin, the more sovereign we become, because we rely less on government-regulated intermediaries.
I hear this all the time: “Why spend bitcoin when I can spend fiat?” or “I save in bitcoin, but I’d rather spend fiat.”
Yes, we all know Gresham’s Law - bad money drives good money out of circulation. But we must also remember Thiers’ Law, which applies in the late stages of failing currencies - when bad money becomes so worthless that no one wants to accept or hold it anymore, and good money finally wins.
If we want that future, we need to pay with bitcoin today. Spending it incentivizes businesses to accept it and a real circular bitcoin economy starts to form. As adoption grows, reliance on fiat shrinks, and people naturally move away from bad money.
So yes - every bitcoin payment counts. Every merchant you convince is one more small win on the path to the Bitcoin Standard. And even if you only care about price, spending and replacing sats still drives adoption - and adoption drives appreciation.
TL;DR:
Spend. Replace. Onboard. Repeat. ✌️
To be money, it has to actually be used as a medium of exchange. The more bitcoin circulates, the more adoption grows - and with adoption comes long-term appreciation, because bitcoin is scarce.
That’s why it’s crucial to spend sats and support businesses that accept bitcoin. When sats move, business owners take Bitcoin seriously - and once they do, others follow. Moreover, the more places accept bitcoin, the more sovereign we become, because we rely less on government-regulated intermediaries.
I hear this all the time: “Why spend bitcoin when I can spend fiat?” or “I save in bitcoin, but I’d rather spend fiat.”
Yes, we all know Gresham’s Law - bad money drives good money out of circulation. But we must also remember Thiers’ Law, which applies in the late stages of failing currencies - when bad money becomes so worthless that no one wants to accept or hold it anymore, and good money finally wins.
If we want that future, we need to pay with bitcoin today. Spending it incentivizes businesses to accept it and a real circular bitcoin economy starts to form. As adoption grows, reliance on fiat shrinks, and people naturally move away from bad money.
So yes - every bitcoin payment counts. Every merchant you convince is one more small win on the path to the Bitcoin Standard. And even if you only care about price, spending and replacing sats still drives adoption - and adoption drives appreciation.
TL;DR:
Spend. Replace. Onboard. Repeat. ✌️