Sure, if you're in a developed country with proper economical policy and access to an open banking system, your argument stands. But if you're in a country whe

Sure, if you're in a developed country with proper economical policy and access to an open banking system, your argument stands. But if you're in a country where your money have been dropping 10% per annum for the last 10 years, and where the concentration is anyway not that different from bitcoin, then things start to make more sense. Also, most people in this situation are not looking for a day to day transactional currency, but rather for a store of value to hedge against their falling native currency.