By far the more common use case is as an unregulated asset you can semi-legally pump-and-dump, and to extract money from gullible rubes

As recommended by the President of the United States.

As _demonstrated_ by the President of the United States.

And demonstrated by his new business partner in the private prison industry, Bukele of El Salvador.

You're saying the same thing

> So far, to execute illegal transactions and using the lack of regulations to exploit the financially illiterate.

I think this was edited - my understanding of the original comment was that it was primarily for buying things on the darknet ("illegal transactions").