Why would people use USD as the numeraire for an investment in a service whose website cannot even be accessed from the United States? Why would people use Fiat as the numeraire for a website that only operates in crypto?
Why would people invest in Satoshi Dice when they cannot appreciate the volatility of bitcoin? The market forgives no one.
Do you understand what the purpose of a
numeraire is? Bitcoin is a horrible numeraire because, as stated earlier, the capital pools are so limited and the extreme volatility. Bitcoin is nowhere near being developed enough as a monetary instrument to be using it reliably as a numeraire. There is no other instrument comparable to the USD's or EUR's depth of capital pools.
Using USD or EUR as a base presentation currency for investments that operate only in crypto is not very difficult; just look at
IAS 1. There are plenty of reasons people may invest in SD, mining operations, etc. instead of Bitcoin and that is because of the potential returns when using a solid numeriare like USD or EUR.