Imagine you're an abused spouse or child who needs money to escape their situation. Opening up a bank account isn't an option for a lot of people, but anyone can instantly open a crypto "account" and start stashing a nest egg away from the prying eyes of their oppressors. Crypto is the only option for this, and I've seen it successfully used like this multiple times.
The existing banking system favors those in power and those in good standing in the existing systems. If you're underage or financially dependent on an abuse spouse, it's a lot more obvious why you might want a way to store and transact money outside of that system.
BTW gold doesn't solve this because when you buy it it's being held by someone else, whom is tied to the country it resides in, and you're back to square one. Even if you were to buy it physically and keep it in your own safe you're still stuck with the same problems because it's not portable. Bitcoin is portable.
Because we are forced to generally keep our wealth in things susceptible to political influence it’s nice to have a place to store value away from that.
My homes value can be wrecked by a variety of government or central bank policies. Same with my equities and bonds. So having a part of your wealth in BTC is frugal as a protection from these things. It is outside the scope of these influences.
Precious Gold/ Silver is way more adverse to risk than crypto and actually exists as a physical good.
> My homes value can be wrecked by a variety of government or central bank policies.
Crypto can be affected by those things also. I see the utility in certain aspects, but I don't understand the gold rush when there a lot better decentralized currencies.
Maybe there are better decentralized currencies (that's a matter of opinion) but there were better operating systems than Windows. It's about mindshare.
Honestly, just look at BTC's performance over the last 10 years. It has been the #1 asset class by far.