Small picture thinking.

You don't trade in it directly, national currencies float against it in a market based way without central bank swap lines and artificial pegs.

We're taking security zone scale, patriation that happens over decades.

This is how it used to be, Bitcoin is obviously better for the reasons you mention and an inevitable successor to gold, but we have to unwind the current system to go forward. This is what is happening now, 1 step back, 2 steps forward.