the only way crypto can become a currency is to take it off the market. Market commodities are way too vulnerable to be used as common trade. If you knew your history, you'd know that the US, one of the last countries to come off the gold standard, was forced to becaise the rest of the world already had and the gold price was no longer stable enough to fix a currency to it. Crypto is way more volitile than gold ever was. Imagine getting up in the morning and not knowing if that, say,
****
bitcoin you normally spend on coffee in the morning was worth the equivalent of 1 dollar US or 20 dollars US. Then the next day it would be 10. Etc. So long as you folks sell nothing to each other crypto will never become a world means of exchange. Ever notice they haven't called it crypto currency for a few years? Well now you know. Here's another little hint for you: there have been several times private currency has been attempted throught the US (just because I'm more familiar with the country's history) and throughout the world. Every single one has failed. Every. Single. One. It doesn't matter if it's metals or electrons, private currency doesn't work. And crypto won't replace any country's currency today unless they stop the trade. But you keep dreaming.
or don't buy at all. Crypto is no longer called currency because it is too volitile to be considered as such. It is also too volitile, imho, to be considered a safe investment. Remember, crypto is basically nothing. It is a good way to launder money, I suppose, which is why as soon as they figure out how a crack down will be forthcoming. All that said, there is nothing, no goods manufacture, no service economy, no insurance company, no anything backing it. It is merely people selling nothing to each other like Amway salespeople, and you can see how that works out. Sorry, no one can convince me that investing in crypto is a good idea.
Just put it in the bank as part of an emergency fund. You never know, and a couple extra grand at your fingertips will come in handy some day, almost guarenteed.