In my opinion, BTC is not a traditional currency like gold and silver because it does not have any use value, so it is not a credit currency.
Can we really say they silver and gold is a currency or traditional currency? Where you can pay your bills with these metals?
As far as ik now it is very hard to do ,possibly in gold fiels of Klondaike. Nowadays gold and silver is traded a lot with financial instruments not physcially this means that there is a room of how real is the cover of physcil metal over the digital holders.
It's basically just one use, money laundering tool. The tool explains why bitcoin prices are spread across the country and abroad. Domestic money is changed into bitcoins and then physical transportation to overseas exchange for foreign currency escapes regulation and the cost of money laundering is lower than before, and the risk is low.
It works very well as store of value and for international payments, so i dont agree with you, in general

since we all know that some loundering is happening anyways.