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The stable coins are an issue but stable coins aren't a necessity for btc transactions, they're a utility for traders. Btc's biggest danger is its price volatility. As it increases in value and market cap it will become more valuable to large players who will in turn be motivated to protect its integrity.
In practice, dedollarisarion has been about shifting to other major national currencies, like the yuan. Bitcoin doesn’t really feature.
If btc replaces 1% of fx it's doing $50B/day of transactions. Market cap of btc is only about $600M, so 100x btc is not crazy.
Is a p2p transaction system with an auditable record attractive to 1% of fx transaction parties? Seems reasonable, especially when corrupt states are a counterparty.
>e best of tulips cost upwards of $1 million in today’s money (but with many bulbs trading in the $50,000–$150,000 range
https://www.investopedia.com/terms/d/dutch_tulip_bulb_market...
