How is your day going?
I have talked before about the reason people do not spend crypto when they think the price will go up. Sure it can be money but why would anyone use bitcoin instead of money when one will probably go up in the future. And if you are invested you believe bitcoin will be going up in value so those who have it are less likely to spend it as cash. And this is even more true in the bear market.
But that is where coins like steem got it right. As the market starts to turn people can use their steem without risking losing it or spend the money they make from posts and dividends. This lets people keep their crypto, which everyone wants to do as we head out of a crypto winter, and still use it. This is where crypto gets its edge over fiat and gold, with smart contracts it can have more uses and perks and these can be perks that people get without having to spend it.