Ok - in this respect you're right that there is 'value' for certain market participants in denominating in crypto. What I really meant was that price denomination (point 1) doesn't necessarily create any new demand on your coins the way that use as a capital asset does.

So lets say for example the UK decided to denominate everything in Bitcoin. All retailers had to list prices in Bitcoin and government statistics were reported in units of bitcoin. They could do this overnight without needing to buy a single bitcoin, it's just a labelling excersise and as long as Sterling was still accepted as a form of payment there would be no direct demand.

Obviously there would be indirect support for bitcoin's value against Sterling because people would want to hold it, but note: they'd still be holding it in category 3 of the above "adoption" categories since the blockchain would still not be used as a payments system. The existing payments systems would simply be re-configured in "bitcoin" denominations. Credit accounts would still hold credit, however denominated - not blockchain tokens.