Sure the currency itself isn’t resistant to a run on itself but having some wealth in the currency will cushion a run on the real IRL banks for fiat currency.
Except that it’s so incredibly volatile that from one months to the next you literally don’t know if your crypto wealth will be worth twice as much or half as much.
If what you’re trying to protect yourself from is runs on banks, you’de be better of with gold, works of art, even stocks (which are less volatile than crypto) or, even simpler, spread your money over several banks, ideally in more than one country.
Sure the currency itself isn’t resistant to a run on itself but having some wealth in the currency will cushion a run on the real IRL banks for fiat currency.
Except that it’s so incredibly volatile that from one months to the next you literally don’t know if your crypto wealth will be worth twice as much or half as much.
If what you’re trying to protect yourself from is runs on banks, you’de be better of with gold, works of art, even stocks (which are less volatile than crypto) or, even simpler, spread your money over several banks, ideally in more than one country.