You are talking about storing wealth. There were already myriad ways to store wealth before bitcoin. Precious metals, jewelry, property, etc., bitcoin is not needed like wheat is for vodka. It is just one way of many for doing the things you describe.
I'm not saying bitcoin is going to zero. In these threads, i've always said bitcoin has perfectly reasonable use cases, but if we're being honest not many people really need to use bitcoin, and yes, i'm saying, in the the grand scheme of things, the population of El Salvador is not many people. It will probably not become the de facto unit of exchange in our lifetime, or ever.
I'm not talking about bitcoin is a vehicle for temporarily transferring wealth from one asset to another, i actually think it's pretty useful for that, i'm talking about bitcoin as a vehicle for investment... which is why the lion's share of people have been buying it in the last decade.
I'm not saying bitcoin is going to zero. In these threads, i've always said bitcoin has perfectly reasonable use cases, but if we're being honest not many people really need to use bitcoin, and yes, i'm saying, in the the grand scheme of things, the population of El Salvador is not many people. It will probably not become the de facto unit of exchange in our lifetime, or ever.
I'm not talking about bitcoin is a vehicle for temporarily transferring wealth from one asset to another, i actually think it's pretty useful for that, i'm talking about bitcoin as a vehicle for investment... which is why the lion's share of people have been buying it in the last decade.