It’s not untraceable, if anything it’s more traceable than the fiat system. You can literally go look at every single transaction right now that’s ever been done on the blockchain. There’s exceptions like Monero, but most ledgers are available to the public.

It's a result of people reading headlines and not doing actually research into the technology.

Everything is traceable on the blockchain, unless you're using Monero. The world can see every single transaction that's ever been done.

Simply, the greatest use of crypto is just being able to transfer large sums of money to someone else without the use of an intermediary. I can send you 1 millions USD (or BTC) right now and you'll get it within minutes. We don't need to get an banks involved and we pay a lot less in fees if we did wire-transfer. But that's crypto 101 stuff, most people on here prob already know that.

So pretty much its just making money transfer more efficient. For that reason, I dont see it going away anytime ever. Our world is getting faster and faster by the day, so why would money be any different?