[deweller]

The technical term is "monetary premium".

Gold has a utility (or industrial) value. But that value is significantly lower than the actual price. The rest of the price of gold is monetary premium.

I say Bitcoin's large network, censorship resistance and worldwide adoption give it some base utility value. The rest is monetary premium.

I do agree with your sentiment. Stablecoins (UDSC, etc) are predictable and are much better suited for actual spending.

[OutOfHere]

Monero is far better than stablecoins for spending as it leaves no trace of who got from who. Secondly, stablecoin wallets are heavily subject to being frozen, essentially the strictest form of censorship, resulting in a complete loss of funds, but this is not possible at all for Monero.