Intuitively this feels right but maybe not. Bitcoin is pristine collateral so there is a world where if enough breaks in fiat land I can see it underpinning all assets as a neutral reserve similar to gold without needing to be a broad medium of exchange.

I don't know how likely this is but plausible. I think this is why as bitcoiners we should pursue all avenues- store of value, medium of exchange, unit of account.