Bitcoin has performed incredibly well as a SoV/speculative commodity- but my fear is that this is due in large part to a process of capture and control orchestrated by the bankers- they have increasingly commodified our P2P MoE, taken custody of it, frozen a growing portion of issuance from any possible use as a p2p MoE and tracked and traced the vast majority of BTC that is still held in citizens private custody.

By 'The bond market begs to differ' do you mean Bitcoins exceptional SoV performance has provided an alternative to nation states (eg El Salvador has doubled the USD denominated value of its BTC Treasury) or something else?

I was hoping El Salvador might start to issue BTC bonds and demonstrate a viable alternative to endless dependence upon the IMFs fiat debt slavery,. but this does not yet seem to have developed.

Bitcoin is not used hardly at all as a means of exchange- it is either outright banned, or slyly obstructed to the point of being effectively banned as it is in the 'liberal' western democracies via tax obligations requiring absurd and practically impossible transactions recording and assessment for all BTC MoE use.

For the vast majority of nation states Bitcoin adoption (for MoE) takes away far more from the government than it adds.

I am of course taking a critical and you might say pessimist view, but it does seem to be the trend as the almost complete lack of adoption for MoE anywhere, even in El Salvador suggests people will not choose monetary liberty even when a government allows it and Bitcoin offers that option.

I hope MoE adoption can and will happen, but fear not enough people want to be free. We shall see!

If the collapse of the USD causes Bitcoin to rise in value will Libertarians be happy?

Even if the fall of the dollar results in a very different world where it is most likely China has much more influence and power where trade and finance and international protocols and law are increasingly dominated by China.

Because the Bitcoin ecosystem is not even comparable to the Chinese economy.

The Bitcoin economy is almost exclusively that of a speculative asset- Bitcoin is not in reality a MoE with any depth or broad adoption.

All Bitcoin and 'crypto' would be in the event of the collapse of US hegemony, is primarily vehicles for wealth preservation outside of an increasingly Chinese dominated global economy.