[tyre]

For (2) one of the real values is being able to carry (practically) unlimited cash with you. Right now, USD in cash is capped at $100 notes to make it inconvenient to move large quantities.

With crypto, you fly anywhere in the world with a private key in your luggage. That key could have $100 or $1,000,000,000.

Thinking of international drug smuggling, one serious problem is moving all of the cash out of the country. Crypto solves that easily.