Now that I think about it, what's even the point of paying someone in crypto, if you know they'll just convert it immediately in state currency, and you're likely buying it yourself with normal currency in the first place? How exactly are you subverting the USD and bank system, when for every bitcoin transaction there can be up to 2 regular bank transactions taking place?
Yes, there is the potential to make a parallel crypto economy, so that you have bitcoin transactions that don't cause bank transactions. If the payer has a decent store of bitcoins, and the receiver uses the payment to pay others. But I've yet to hear of bigger companies that receive crypto payments/donations say they'll commit to pay wages in the received crypto, or their bills or whatever.
I do wander though, would the average employee agree to being payed in crypto, and would the average company want to risk holding on to crypto?
I think bitcoin rate would stabilize if more people used it more like currency, but would people be willing to take the risk now, hoping that things improve in a few years?
At this point, it's not like bitcoin is that new anymore.