Only since crypto boom I see people (crypto aficionados) thinking of money as an investment. And that makes no sense, as you explain yourself.
Dollars are much less volatile and thus less risky than any crypto currency I know. A perfect intermediate step before investing in some equity or some other thing that produces value.
I think it makes sense to consider money as an investment. Its somewhere you're deciding to hold value. Holding cash is a bad investment due to inflation so you need to spend it or store the value somewhere else. Its one of those things where deciding not to invest your money somewhere is a decision to invest it in money.
Dollars are much less volatile and thus less risky than any crypto currency I know. A perfect intermediate step before investing in some equity or some other thing that produces value.