Honest question: What's the actual plan for using Bitcoin in retirement?

I'm trying to understand something that doesn't make sense to me, and I'm probably missing something obvious.

The mantra is "just HODL until Bitcoin becomes the standard." I get that for the accumulation phase.

But what about the actual use phase?
Scenario: Someone is 60, has been stacking sats for 10+ years, has a significant stack. Now what?

Option 1: Keep HODLing forever** - Pass it to kids? Never use it yourself? - Wait another 20-30 years until Bitcoin is universally accepted?

Option 2: Sell when you need money** - Pay massive capital gains tax (up to 40%+) - Miss out on future appreciation - Exit your Bitcoin position

Option 3: Bitcoin-backed loans** - Keep your Bitcoin - Access liquidity without selling - Math works if BTC appreciation > loan interest - BUT: Custody risk, platform risk, liquidation risk (RIP Celsius, BlockFi)

I know Option 3 violates "not your keys, not your coins" and has massive risks. But what's the alternative if you need money TODAY? Is the answer really "just never use your Bitcoin, wait indefinitely, and hope you live long enough to see hyperbitcoinization"?

What am I missing here? There must be a better answer than all three of these options. (Not shilling anything - genuinely trying to understand the philosophy. Built a calculator to model this for myself and write down the information retire-on-bitcoin.com/faq.html but I'm increasingly thinking the whole concept is flawed)