I’ve heard people say this but when I’ve asked people from places like Venezuela they use dollars not bitcoin. Even places with not so good local currency will gladly accept Euros or Dollars instead.
The irony is even those deal in bitcoin, they have to quickly convert to USD now for fear of further drop. Their entire operation involve in converting their cheap electricity (vastly subsidized by their government) to USD with bitcoin as intermediary. And when ask, they only tell the story of their intermediary bitcoin as though as they really by potato eoth bitcoin at their local wet market.
"they use dollars not bitcoin" for their daily purchases. But how are they storing the money they have. Are they depositing dollars in a bank? How did they get the dollars? Are they banked at all?
They can't take a bitcoin out of their wallet and pay for something at their local store. They can't use their bitcoin like a credit card.
If you looked at my daily spending habits, you'd say "that guy doesn't have any crypto or stocks, look, he buys everything with a debit card which takes fiat currency out of his back account".
You can't see crypto with your eyes, but look at blockchain activity, and ask people what the source of their currency is.
Obviously it's a TINY TEENSY bit that is held in crypto. I'm not suggesting it is a majority. Crypto is hard to work with for the average person, it's volatile, and scary, but so was trading on the internet in the early days. Trust isn't there, the paypal of crypto does not yet exist.