Bitcoin proponent: Next bull market is going to see a lot more spending of Bitcoin

Tone Vays, a well-known trader and Bitcoin proponent, spoke about whether Bitcoin [BTC]’s only use case is a store of value, taking into consideration if the currency is the hardest money and that people always spend the weakest money, in a Q&A session during the Tampa Meetup.

Vays stated that Bitcoin’s use case is “not necessarily” just a Store of Value, adding that people are going to spend the weakest currency but will eventually get paid in the hardest currency. He said:

“So eventually, you run out of weak currency to spend and you have to spend hard currency. Right, so you’re only spending the weak currency while you have it, eventually you don’t have it, eventually you don’t want it, right, if everyone is spending it who wants it”

He went on to say that this is currently seen with Bitcoin Cash, stating that the currency is down by 2.3% of that of Bitcoin. Vays stated that the currency was meant to be spent and not saved, and as a result, everyone spent it and…