This is counter argument always comes up but no one ever has numbers for all of these people in shitty environments turning to cryptocurrencies. In theory they

This is counter argument always comes up but no one ever has numbers for all of these people in shitty environments turning to cryptocurrencies. In theory they might do so but the majority have not. At best are anecdotes about some small number taking payments in crypto. In a country with strict currency controls crypto is little better than foreign currency. They need to pay their bills in local currency. Their corner grocer wants local currency. Their taxes will be in local currency. Crypto users are in a worse situation than people using foreign currencies since they have to deal with not just black market exchange rates but wildly variable crypto exchange rates. They don't get to just HODL because they need to pay bills. They have to accept whatever that day's wild value swing of their crypto holdings. The places with broken currencies don't have strong rule of law. The authorities will shake people down for their wallet passwords as effectively as they do anything else. The masses in broken economies turning to crypto is a fantasy.