I thought bitcoin was incredible un that it allowed anonymous transactions. That turned out to be false. Well it is anonymous, but you still need on and off ramps for crypto to fiat and fiat to crypto which is basically impossible to get because somewhere you need a bank account to transfer the money that has your name on it. Not enough vendors accept bitcoin where you can survive within the ecosystem without converting back to cash, and typically losing a large percentage of your money in the process. I think there are a few tokens that at least have anonymized transactions, like Tornado, but again you can’t get money out still, and it might be illegal to use those cryptos. Basically the use case is dead in my eyes. Sure darknet is still a thing because they are doing illegal things already and don’t care about the on and off ramps being legal either, so it works, but if the potential to go mainstream disappears then bitcoins price could drop to practically nothing again as well.

Crypto as currency is basically worthless if you cannot find someone to take some and convert it to things with normal values.