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I am more wondering what might be a sign that hedging against this slow methodical death through buying hard assets like bitcoin becomes futile.
Maybe its too simple a framing, but I guess I'm asking how can we know when the train has left the station, so to speak? I don't think you are necessarily saying that has already happened.
Thinking more about the government than the individual, I probably misread your OP.
I don't think it is too late for individuals to hedge. I'm hoping it isnt. There's still so many people (and so much value) that is seemingly unaware of the increasing water temperature. I don't believe they will all are just shit out of luck.
When will they be and how will we know? It seems to me that it will still be quite some time. But I bet it will make overpriced pokemon cards and million dollar jpegs look reasonable.
You don't see how China now is the most productive growing economy and is challenging the USD-petrodollar hegemony?
If you do not see this I would suggest you are in denial.
It may be hard for you because you have a blind faith in the US system of crony capitalism and a dislike of Chinas political structure but the actual economic results are difficult to refute and I doubt you will even attempt to refute them.
Here is just one graph for you to consider if you can overcome your inherent US exceptionalist bias.
https://m.stacker.news/158931
I believe though it is already too late, the dead man shuffle can go on for a long time. States are huge enterprises. The US is a particularly huge enterprise. And the dollar has such momentum that I believe it will carry on for decades (I should probably say centuries).
It's too late in the sense that debt only grows from here on out and the political dependence on money printing is irreversible, but that doesn't mean the dollar system will be abandoned anytime soon.