And so where Bitcoin is used to escape autocratic regimes it is being used as a MoE, as it is being used to transfer value from one monetary system jurisdiction (say China) to another, say the US. However once you arrive in the more 'free' jurisdiction you are more likely to be required to convert the Bitcoin to dollars for use in everyday MoE transactions...because in most jurisdictions use of Bitcoin as a MoE is severely, if subtly, obstructed. It is in providing MoE (where otherwise it would be more difficult to use other currencies) that Bitcoin provides some utility and adds value to participants. But the fact remains the vast majority of people holding Bitcoin are doing so seeing it as a speculative commodity, not as a MoE. It is only in very narrow and exceptional situations as above where you are escaping from one jurisdiction to another where Bitcoin is used (briefly and one off) as a MoE and does add real value.