Frankly that is the best case scenario for crypto. It's similar to the dot com bubble in 1999 actually, it's 20 years later and the internet is finally somewhat useful and intergrated into our lives. Originally it was just a bubble inflated with ad revenue inflated with investor money
That's a super niche application, not a mass market use.
And yes, I know about the supposed use for people in countries with unstable regimes but I'm not convinced at the moment. Plus that use case, being that of people generally having low disposable incomes (barring China) absolutely doesn't justify the market value of crypto at the moment.
Inflation hits the masses, or in general money supply manipulation schemes. In the last few weeks, markets tanked just because the FEDs announced they plan to increase interest rates. Is that really how we want to go on?
Bitcoin is not being manipulated. You may be confusing it with Bitcoin markets and Bitcoin trading. Nobody can conjure Bitcoin out of thin air or manipulate interest rates on it.
That's exactly what Bitcoin miners do: They take pure thin air and convert it into noxious power plant fumes. Pure air is what the odiferous Bitcoin is conjured out of.
