I said millions because of every day crypto usage in countries like Argentina and Turkey, where inflation makes it challenging to save money, and in countries where there are high remittance rates.
More builders are definitely needed to improve the crypto user experience across a range of categories.
i trade bitcoin with other people here in argentina several times a year; it's by far the easiest and safest way to send money either into or out of the country, and it's widely used by money changers
remember that this is a country where the police take dollar-bill-sniffing dogs onto river ferryboats to prevent people from taking usd or eur across the river to their bank in uruguay
someone in a [dead] comment said, 'The most traded crypto assets in Argentina, by far, are dollar-pegged crypto-currencies.' this is absolutely correct, and from my point of view it's a total plague. also virtually everybody has their bitcoins in binance. but most of those people will still buy and sell bitcoin if that's what you want
It is the best asset to hold if you local currency goes -5% every day. Easy to buy (officially and not), easy to liquidate, can be used as unofficial currency for trade
Not by any stretch of the imagination. A highly volatile asset isn't suitable for storing value reliably. This is because the chances of you having to liquidate your position at a loss are very high.
If you think that a business can remain in business after its revenue shrinks by a factor of 8 without wage costs adjusting accordingly, you need a reality check.
Tens of thousands are invoved because of its technological promise and appeal which you've described.
This imbalance is the main problem crypto industry needs to solve before it truly reaches its potential.