It’s incredibly widely used in some countries (where the local currency sucks).
A fun example is how a fair few money exchangers in such countries will take USDT or BTC and give you the local currency at a better than official rate.
Also used for remittances without high fees and bullshit issues among some diasporas now.
Just because you don’t have a usecase for it beyond “number go up” doesn’t mean it’s worthless to everyone else lol.
Best example is Argentina, a good number of the “blue dollar” exchanges in the past few years have been taking crypto. According to friends, this is pretty common in some other South American countries also.
I also noticed a lot of currency exchanges in Ukraine deal in cryptocurrency since the war began (didn’t notice this before), and give preferential rates.
Some friends who have recently been travelling in SE Asia also have mentioned that conversion of crypto to whatever local currency was often available at currency exchangers.
I’m also informed that bitcoin is readily convertible in Nigeria, Botswana and Kenya by people who have recently travelled there.
I can see it as having a few advantages for the traveller tbh, easier to carry about than a big wad of fucking cash.
A fun example is how a fair few money exchangers in such countries will take USDT or BTC and give you the local currency at a better than official rate.
Also used for remittances without high fees and bullshit issues among some diasporas now.
Just because you don’t have a usecase for it beyond “number go up” doesn’t mean it’s worthless to everyone else lol.