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International transfer of value Protection from monetary policies Money laundering (real for some)
Specifically one where the other party is laying claim to assets you earned?
In these type situations, an asset that:
1) no one knows you own
2) even if people know you own them, can't be seized short of torturing you to regurgitate the password
3) can be transferred to any person of your choosing and in any jurisdiction of your choosing in a matter of minutes.
The narrative behind crypto reminds me a lot of gold bugs who rave on and on and on about how defective the existing fiat monetary system is , in hopes to push up the fiat prices of their asset.
Every speculative asset needs to have a narrative tied to it to help newcomers rationalize buying in their fomo. (Look at GME, louisiana bonds etc etc etc). That doesn’t mean that it’s not a good tool to make a quick buck if your timing is right.
No government can mint more crypto due to awful monetary policy.
Also, no, money laundering is not possible on most chains since all transactions are public.