Yes, swapping would be short term, which is why I'm concerned that such an incentive will ruin any of the privacy benefits from Monero. There is no incentive to stay in Monero for long unless you're okay with decaying purchasing power. I'd rather have something that is tied to Bitcoin so I don't have to constantly worry about moving in and out of something. Keeping small amounts with a custodian like a mint still seems safer than moving in and out of Monero to me.

For the record, I ran Monero at one point and held some. I rarely had a chance to use it because hardly anyone does. Frankly, I'd rather build out privacy tools for the superior asset (without ruining Bitcoin) than sit around waiting for a completely different thing to never become mainstream. That's just my reality. All the talking points sound great, but it isn't getting widely adopted and I don't think it ever will outside of niche products like Mullvad and stuff like that.

It just seems more logical to have Bitcoin adjacent options for those who want them than to focus on an entirely different thing that is totally separate. If they somehow tied it to Bitcoin without me having to hope someone is there to swap with me then fine. I will give it another look. I don't speak for everyone, but these are the main reasons I gave up on Monero and support Bitcoin projects instead. 

 I guess it's a matter of risk preference. Risk being rugged by 
custodians, or risk slippage in price. 

You might never be rugged. 
Or maybe you get rugged and instead of losing 5% from using Monero,  you lost 100% from being rugged.

Up to the person to decide, but I don't think there is a risk-free or cost-free option. You pay in time/money/hassle