Some people don’t trust their governments with a national currency. History is filled with governments who plundered resources on wars or explorations or have provided economic handouts to buy-off the loyalty of certain population and have printed money to meet their obligations. As economists know, sharp increases in the money supply is one major cause of inflation (inflation equals increases in the prices of goods & services) and inflation erodes the value of people holding that currency who hope to save it and spend it in the future.

In short, with high inflation today’s money is worth less in the future so you wouldn’t want to “store” your wealth in cash if it is depreciating.

Throughout history Governments have also restricted the flows of capital outside of national boundaries and have tightly tracked stores of capital as a means of controlling and/or taxing its citizens.

So I think one’s embrace of cryptocurrency for reasons other than speculative, short-term gains may be inversely correlated with one’s trust for their local government to protect the value of their wealth through a stable economic system and currency. And US dollar - RIP off