--- title: "Meaning & Key Takeaway of: Most people hoard their money - just keep…" description: "\"Most people hoard their money - just keep it in the bank. Bitcoin will really take off when people start spending it, creating a velocity of money.\" — ..." image: "https://sms4smile.com/quotes/i/3ae/adam-draper-20999_bank_most-people-hoard-their-money-just-keep_1256976.jpg" --- # Most people hoard their money - just keep it in the bank… ![“Most people hoard their money - just keep it in the bank. Bitcoin will really take off when people start spending it, creating a velocity of money.” quote by Adam Draper](https://sms4smile.com/quotes/i/3ae/adam-draper-20999_bank_most-people-hoard-their-money-just-keep_1256976.jpg) [Download](https://sms4smile.com/quotes/i/3ae/adam-draper-20999_bank_most-people-hoard-their-money-just-keep_1256976.jpg) [Open image](https://sms4smile.com/quotes/i/3ae/adam-draper-20999_bank_most-people-hoard-their-money-just-keep_1256976.jpg) > “Most people hoard their money - just keep it in the bank. Bitcoin will really take off when people start spending it, creating a velocity of money.” [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Bitcoin’s value will grow when it circulates widely, turning it from a store of value into an active medium of exchange. **In simple terms:** Bitcoin needs spending to thrive. Key Takeaway Encourage Bitcoin transactions. Themes economics cryptocurrency money velocity Mood optimistic analytical Type financial technological When to use this quote - retail payments - online services - peer‑to‑peer transfers - merchant adoption Key Concepts monetary theory network effects Questions to Reflect On - What incentives would increase Bitcoin spending? - How does velocity affect price stability? A Different Perspective Adoption may be slowed by regulatory uncertainty. ★ ★ ★ ★ ★ No ratings yet [Bitcoin](https://sms4smile.com/quotes/about/bitcoin/) [Currency](https://sms4smile.com/quotes/about/currency/) [Money](https://sms4smile.com/quotes/about/money/) ## Related quotes > [The ability to easily buy and sell Bitcoin has been a really key factor in accelerating Bitcoin adoption.](https://sms4smile.com/quotes/fred-ehrsam/the-ability-to-easily-buy-and-sell-bitcoin-has-been-a-really-key/) [Fred Ehrsam](https://sms4smile.com/quotes/author/fred-ehrsam/) > [I think Bitcoin really feels empowering in a sense.](https://sms4smile.com/quotes/vitalik-buterin/i-think-bitcoin-really-feels-empowering-in-a-sense/) [Vitalik Buterin](https://sms4smile.com/quotes/author/vitalik-buterin/) > [Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in…](https://sms4smile.com/quotes/alan-greenspan/bitcoin-is-really-a-fascinating-example-of-how-human-beings-create/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Something like bitcoin is really important because it is not correlated to the rest of the market.](https://sms4smile.com/quotes/chamath-palihapitiya/something-like-bitcoin-is-really-important-because-it-is-not/) [Chamath Palihapitiya](https://sms4smile.com/quotes/author/chamath-palihapitiya/) > [There is going to be enormous amounts of resistance to the adoption of bitcoin, but I really believe that it's about the most peaceful…](https://sms4smile.com/quotes/stefan-molyneux/there-is-going-to-be-enormous-amounts-of-resistance-to-the-adoption/) [Stefan Molyneux](https://sms4smile.com/quotes/author/stefan-molyneux/) > [It is strange-people chase and hoard money,and even cheat the world to become rich only to finally Leave it all behind.-RVM](https://sms4smile.com/quotes/anonymous/it-is-strange-people-chase-and-hoard-money-and-even-cheat-the-world/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [There's no point in trying to hoard money after life, so better really to share with people.](https://sms4smile.com/quotes/mo-ibrahim/there-s-no-point-in-trying-to-hoard-money-after-life-so-better-really/) [Mo Ibrahim](https://sms4smile.com/quotes/author/mo-ibrahim/) > [Keep it moving. Don't hoard. Money's no good, get rid of it. Turn it into people doing things. Turn it into jobs. Turn it…](https://sms4smile.com/quotes/neil-young/keep-it-moving-don-t-hoard-money-s-no-good-get-rid-of-it-turn-it-into/) [Neil Young](https://sms4smile.com/quotes/author/neil-young/) > [Later in life, when I'm retired and have a family of my own and will be able to send my kids to college, that's…](https://sms4smile.com/quotes/victor-ortiz/later-in-life-when-i-m-retired-and-have-a-family-of-my-own-and-will/) [Victor Ortiz](https://sms4smile.com/quotes/author/victor-ortiz/) > [Whenever the price of cryptocurrency is rallying, people start spending a lot more.](https://sms4smile.com/quotes/erik-voorhees/whenever-the-price-of-cryptocurrency-is-rallying-people-start/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [As quickly as you start spending federal money in large amounts, it looks like free money.](https://sms4smile.com/quotes/dwight-d-eisenhower/as-quickly-as-you-start-spending-federal-money-in-large-amounts-it/) [Dwight D. Eisenhower](https://sms4smile.com/quotes/author/dwight-d-eisenhower/) > [As you start the company, you start spending spending spending ahead of revenue but then you come out of it and very quickly you…](https://sms4smile.com/quotes/chamath-palihapitiya/as-you-start-the-company-you-start-spending-spending-spending-ahead/) [Chamath Palihapitiya](https://sms4smile.com/quotes/author/chamath-palihapitiya/) > [I don't know the time frame exactly, but it's clear they're all going to want to start spending money again.](https://sms4smile.com/quotes/andrew-gould/i-don-t-know-the-time-frame-exactly-but-it-s-clear-they-re-all-going/) [Andrew Gould](https://sms4smile.com/quotes/author/andrew-gould/) > [The way out of the depression is to start spending and doing things.](https://sms4smile.com/quotes/henry-ford/the-way-out-of-the-depression-is-to-start-spending-and-doing-things/) [Henry Ford](https://sms4smile.com/quotes/author/henry-ford/) > [The amount of money coming into Washington is not a factor when the Democrats start spending it. Witness Obama. National debt doubled in eight…](https://sms4smile.com/quotes/rush-limbaugh/the-amount-of-money-coming-into-washington-is-not-a-factor-when-the/) [Rush Limbaugh](https://sms4smile.com/quotes/author/rush-limbaugh/) ## More by Adam Draper > [What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really…](https://sms4smile.com/quotes/adam-draper/what-bitcoin-does-better-than-the-current-financial-system-is-it-s-a/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [What's really happening is that every bank in the country is experimenting with the blockchain and experimenting with bitcoin to figure out where the…](https://sms4smile.com/quotes/adam-draper/what-s-really-happening-is-that-every-bank-in-the-country-is/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [People wanted Bitcoin to live so much, they basically willed it back into existence. That showed me how passionate this community was about it.](https://sms4smile.com/quotes/adam-draper/people-wanted-bitcoin-to-live-so-much-they-basically-willed-it-back/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [Pave your own path and be fearless.](https://sms4smile.com/quotes/adam-draper/pave-your-own-path-and-be-fearless/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [I think there will always be need of trusted voices in the investment community, but what the ICO markets are showing is that the…](https://sms4smile.com/quotes/adam-draper/i-think-there-will-always-be-need-of-trusted-voices-in-the-investment/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [I saw Bitcoin as an actual market opportunity: as a trillion-dollar marketplace with long-term potential.](https://sms4smile.com/quotes/adam-draper/i-saw-bitcoin-as-an-actual-market-opportunity-as-a-trillion-dollar/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [Bitcoin is here to stay. There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency. And…](https://sms4smile.com/quotes/adam-draper/bitcoin-is-here-to-stay-there-would-be-a-hacker-uproar-to-anyone-who/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [Energy and bitcoin work really well together because you can pay out in micro-transaction units. As the energy gets used, they pay out, and…](https://sms4smile.com/quotes/adam-draper/energy-and-bitcoin-work-really-well-together-because-you-can-pay-out/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [If money was being invented now, it wouldn't be designed to look like cash or credit cards. It would look more like Bitcoin.](https://sms4smile.com/quotes/adam-draper/if-money-was-being-invented-now-it-wouldn-t-be-designed-to-look-like/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [I always believe that people can learn a broader skill set. You need good technology and solving a big problem. I always think that,…](https://sms4smile.com/quotes/adam-draper/i-always-believe-that-people-can-learn-a-broader-skill-set-you-need/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [In the future, when people look back at the early days of Bitcoin, they'll say, 'It was so obvious that the ability to move…](https://sms4smile.com/quotes/adam-draper/in-the-future-when-people-look-back-at-the-early-days-of-bitcoin-they/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [For Bitcoin, if it becomes a thing, it will become an enormous thing. It will be world-changing. But if it's nothing, it's nothing. There…](https://sms4smile.com/quotes/adam-draper/for-bitcoin-if-it-becomes-a-thing-it-will-become-an-enormous-thing-it/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [The blockchain does one thing: It replaces third-party trust with mathematical proof that something happened.](https://sms4smile.com/quotes/adam-draper/the-blockchain-does-one-thing-it-replaces-third-party-trust-with/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [I believe that Bitcoin is going to change the way that everything works. I want entrepreneurs to tell me how its going to change.…](https://sms4smile.com/quotes/adam-draper/i-believe-that-bitcoin-is-going-to-change-the-way-that-everything/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [No one has ever raised capital because their pitch deck was pretty. A lot of people have raised capital because they were over-prepared, knew…](https://sms4smile.com/quotes/adam-draper/no-one-has-ever-raised-capital-because-their-pitch-deck-was-pretty-a/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) [Explore all 30 Adam Draper quotes ](https://sms4smile.com/quotes/author/adam-draper/) ## More Bank quotes > [It isn't what a man's got in the bank, but what he's got in his head, that makes him a great merchant.](https://sms4smile.com/quotes/george-horace-lorimer/it-isn-t-what-a-man-s-got-in-the-bank-but-what-he-s-got-in-his-head/) [George Horace Lorimer](https://sms4smile.com/quotes/author/george-horace-lorimer/) > [My aim was to make money for the bank. You lose track of the amounts involved when you are engaged in this kind of…](https://sms4smile.com/quotes/jerome-kerviel/my-aim-was-to-make-money-for-the-bank-you-lose-track-of-the-amounts/) [Jerome Kerviel](https://sms4smile.com/quotes/author/jerome-kerviel/) > [I earnestly feel terrible for any mistakes at the bank.](https://sms4smile.com/quotes/steve-mnuchin/i-earnestly-feel-terrible-for-any-mistakes-at-the-bank/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [You can look at the West Bank. Cities are like prisons. They can be closed quickly by the Israeli forces, and everything stops in…](https://sms4smile.com/quotes/hassan-nasrallah/you-can-look-at-the-west-bank-cities-are-like-prisons-they-can-be/) [Hassan Nasrallah](https://sms4smile.com/quotes/author/hassan-nasrallah/) > [What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…](https://sms4smile.com/quotes/warren-stephens/what-we-prefer-to-do-is-operate-our-investment-bank-in-a-way-that-is/) [Warren Stephens](https://sms4smile.com/quotes/author/warren-stephens/) > [The situation in the West Bank and Gaza involves a military occupation amid urban guerrilla warfare, analogous to the British security measures in Northern…](https://sms4smile.com/quotes/jack-schwartz/the-situation-in-the-west-bank-and-gaza-involves-a-military/) [Jack Schwartz](https://sms4smile.com/quotes/author/jack-schwartz/) > [Remember, your bank will never call and ask you to hand over account numbers or say you must swap money from one account to…](https://sms4smile.com/quotes/angela-rippon/remember-your-bank-will-never-call-and-ask-you-to-hand-over-account/) [Angela Rippon](https://sms4smile.com/quotes/author/angela-rippon/) > [I couldn't be working in a bank and launch a clothing line. It's only because cinema gave me a lot of access that I…](https://sms4smile.com/quotes/vijay-deverakonda/i-couldn-t-be-working-in-a-bank-and-launch-a-clothing-line-it-s-only/) [Vijay Deverakonda](https://sms4smile.com/quotes/author/vijay-deverakonda/) > [If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about…](https://sms4smile.com/quotes/jeroen-dijsselbloem/if-there-is-a-risk-in-a-bank-our-first-question-should-be-okay-what/) [Jeroen Dijsselbloem](https://sms4smile.com/quotes/author/jeroen-dijsselbloem/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [True wealth is not measured by how much money you've got in the bank or how many toys you've got. Some of the happiest…](https://sms4smile.com/quotes/rashad-evans/true-wealth-is-not-measured-by-how-much-money-you-ve-got-in-the-bank/) [Rashad Evans](https://sms4smile.com/quotes/author/rashad-evans/) > [I might have added zeros to my bank balance and followers to my Instagram account, but apart from that, I still lead a middle-class…](https://sms4smile.com/quotes/vikrant-massey/i-might-have-added-zeros-to-my-bank-balance-and-followers-to-my/) [Vikrant Massey](https://sms4smile.com/quotes/author/vikrant-massey/) > [Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.](https://sms4smile.com/quotes/urjit-patel/monetary-policy-transmission-encompasses-the-whole-continuum-of/) [Urjit Patel](https://sms4smile.com/quotes/author/urjit-patel/) > [I actually love Twitter and Instagram. 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