Our dollar is legal tender for all debts public and private. What crypto can claim that? Therein lies its eventual downfall.
The dollar is legal tender for all debts that it can cover. The problem with fiat currency is that governments, including the United States, are determined to devalue it.
I can exchange my crypto into dollars, or just have it transferred into my bank account (for a fee, yes) then pay. Easy.
The fee usually isn’t a big deal, because it’s been a solid investment and has earned me far beyond the dollars I originally spent purchasing it.
Crypto isn’t going away.
“ What crypto can claim that?
I think your point has some validity.
Crypto isn’t truly a currency, but an asset.
You can convert assets into US dollars - and taking a bigger view, any major world currency, in any location.