A currency can not be called as such if people are not using it for buying and selling or in other words in general commerce transactions and this is where existing fiat monies are being utilized anywhere. Now, with respect to cryptocurrency most especially Bitcoin, Ethereum and the rest of the gangs, people are not easily spending them despite many firms or establishments that are open to accepting such? Why? Of course, we know the answer. We are speculating, so we are holding them thinking that the value or price will keep on charging up. We all want outlandish returns, and we are seeing holding cryptos as the best way to have the increase of assets that we want.
Now, the next question is this: Will it affect BTC or Eth if people are not spending them and instead just holding them in their wallets? Well, nobody can answer that question really clear. Anyway, the most important thing is that we are participating somehow with the boom of cryptocurrency right now.