Bitcoins value will only rise, it will discourage people from spending it, halting economic growth

Sorry for the click bait title. I heard this on a Twitter Space two days ago. And I am not sure what the proper response to a statement like this.

I don’t agree with it, and I am pretty convinced that’s not how it works. But I am not sure what I would respond to someone who says something like this to me.

The premise is that if Bitcoin keeps going up, prices of goods will be cheaper the next day, people will feel it’s better to hold off spending Bitcoin.