For the first time in history as far as I remember, Bitcoin has scored an ATH on Pizza Day. [1]
This is a friendly reminder that Bitcoin also works as a P2P cash, not only as a store of value - for 15 years now!
Of course now posts proliferate where again question Laszlo's decision back in 2010. But would have Bitcoin reached $100k if someone had the courage to spend them eventually on a "real world" item? Probably he had a miner running and recovered the spent BTC in a few weeks.
Bitcoin needs to circulate. This doesn't mean you need to pay every coffee with it, even if you can do this with Lightning. As a new Bitcoiner, even accepting it as a gift and HODLing does the trick. The important thing is that Bitcoin reaches out to more people every day.
The more circulation we see, the better the distribution, and the more solid the fundamentals. The more Bitcoin is used as P2P cash, the less damage we'll see due to panic and FUD attacks. Because it will be evident that Bitcoin is more than a new "tulip mania". It's the first truly censorship resistant money in history.
So don't be afraid to spend Bitcoins after this ATH series. And if you don't want to lose the Bitcoin you HODL, simply
re-buy the coins.
[1] Yeah, of course, the first time the three-months 109k ATH was surpassed was already on May 21. But that doesn't change the fact that we continue to see ATHs today.
