You just have to do the following simulation to understand that HODL is useless.

- You continue to receive your salary in fiat.
- You save whatever is left over from your salary at the end of the month in Bitcoin.
- The fiat currency, along with your salary, continues to depreciate (CPI scam that is always below real inflation).
- Since there are no goods and services offered in Bitcoin, you continue to use fiat for your daily expenses.
- You buy less and less Bitcoin because you save less fiat.
- There comes a point where you can no longer save and can no longer buy more Bitcoin.
- You start using your Bitcoin savings, and to do so, you have to sell and convert it to fiat and also pay between 20 and 50% in taxes, depending on the country.
- You continue to receive your salary in fiat currency.

In a scenario where Bitcoin spending is encouraged, things change significantly:

- You continue to receive your salary in fiat currency.
- You save whatever is left over from your salary at the end of the month in Bitcoin.
- Fiat currency, along with your salary, continues to depreciate (CPI scam that is always below real inflation).
- There are goods and services offered in Bitcoin.
- You decide to pay for certain goods and services with Bitcoin.

At this point, an anomaly occurs because even though you continue to receive your salary in fiat and cannot escape the macabre cycle of salary deflation, there will be people who, by offering services and goods for Bitcoin, will receive part or all of their salary in Bitcoin.

- There comes a point when you receive your salary in Bitcoin because you enter the circular economy of goods and services offered by Bitcoin.
- You no longer need to use fiat currency or convert your savings into fiat currency because you can buy anything with Bitcoin.

Jake Mate.