After WW2 USA held more than 1/2 the worlds manufacturing capacity. It made the cars and fridges and other manufactured chattels essential to a modern industrial economy. It also imported the raw materials required. Raw materials suppliers are rarely price setters and are naturally the first target of any hegemony(look at the tragedy of most oil producing nations- look at Iran and Russia now under Chinas yoke). USAs resource hegemony started with Latin American commodities more than a century ago. Today China dominates both the production of the chattels a modern economy, while still contesting the highest levels for example chip production currently held by Taiwan, and the raw materials commodity markets it buys from to supply its manufacturing. Most nations need to trade with China or suffer significant economic disadvantage. Dominating both export and import markets of most nations globally is the position from which to quite naturally gain global monetary hegemony- it is how the US did it. Domination of global trade has been the corollary for monetary hegemony since The Rom,an Empire. Whether Bitcoin can change that historic power dynamic is unproven and looks unlikely, if not impossible.

I see the contest between China and the West for domination and control of global resources and protocols increasing in tempo over the next decade- not sure which way things will go but its happening soon with Taiwan being Chinas symbolic objective both symbolizing Chinese reunification and the global power to achieve that. China will want to be in a position where such a takeover will not be contested therefore the current testing of Western resistance in Ukraine and the Middle East. https://www.newyorker.com/news/daily-comment/russia-and-china-unveil-a-pact-against-america-and-the-west Yes, agree, great to hold some Bitcoin as a neutral and censorship resistant store of value in such times- and a positive action for neutrality, freedom and non violent revolution.