People would also start to see it as a safe haven opportunity to store their wealth without potential risk of sudden devaluation.
But that can only really work once it's reached a vast number of users. Let's say it retains $240 worth of buying power for the next few years with the amount of users it has now. To the outside world it's small, boring and stable so becomes considerably more attractive if there is some type of crisis. If ten million newcomers people suddenly wake up to the idea of it being a safe haven then it's back to fireworks again.