Crypto is worse than paper. It is a money launderer's dream.
The world markets also depend on platinum. There are plenty of precious materials other than oil and gold which the dollar can be backed in. The only important part is that it is backed in stability.
>It's extremely traceable.
It does look that way, doesn't it.
Consider that there is almost definitely a way to funnel money to north korea using it.
https:// www.bloomberg.com/news/articles/2017-12-14/north-korea-s-bitcoin-play
https:// www.cnbc.com/2017/12/19/north-koreas-bitcoin-is-the-perfect-currency-to-be-holding.html