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RE: When Price Passes Practicality
It seems to me that BTC at the moment is primarily being used as a purely a investment vehicle to make profits and nothing more. There is nothing wrong with an investment vehicle since there are so many investment vehicles in the fiat world and where there is money made there is attention which is a good thing. I am still ponding whether BTC really need to have practical use like buying starbucks coffee to be great and continue to be great.
BTC is used practically. If you want to trade your favorite low market cap alt-coin, you must buy BTC. You have no choice. Also, plenty of people sending BTC internationally. Chinese for a while were using BTC as a vehicle to get money out of the country. There are other countries with similar issues. Then there is certain cultures where their national currency is junk so some of the money changers will also use some BTC along with USD as currencies that do not depreciate. Also, plenty of drug deals still happen in BTC.
So true. I lived in Asia 15 years ago for a number of years and people then put their money into gold and USD (and real estate in their country) for the exact reasons you enumerated. Now BTC has arisen and it is more practical and easy to use and spend than gold and real estate.
Another crypto that has a product that is already being used in Europe and Asia (Not the US) is TenX (PAY). They have a Crypto debit card that is very useful for international travelers to buy things in different fiat currencies.
Wishing you a very Merry Christmas and Peace on Earth.