"...as long as the dollar doesn't collapse first."
The more the $ collapses, the higher BTC will go relative to dollars. LOL
However, because BTC is just data, it doesn't matter how 'valuable' it becomes, because each and every pleb can be granted permission - or that permission to access that theoretical value can be denied, completely granularly, meaning applied individually and not affecting the rest of the market. This makes BTC (and every crypto that depends on the physical network infrastructure owned by the same people that own the banks) a CBDC. They don't need to make a currency that specifically allows this permission. They can turn every crypto into a currency requiring specific permission for specific individuals to use it for any purpose.
So, when that hammer drops, BTC will have zero value to me, and this is why I don't use cryptocurrency as money, nor use banks. I endeavor to make all exchanges locally using my provision of services to my friends and neighbors to create goodwill balances that give me value in their eyes to exchange for what I need. There is no physical network such goodwill exchange depends on. Goodwill cannot be taxed, stolen, or turned into a CBDC.
Sometimes I think 'Gee, if I had just invested in BTC in 2017 when it was a couple hundred bucks, I'd have life changing money I could have used to buy real property, a lambo, or whatever...' But all of those things are only mine if I can defend them. I have been defrauded of real property before, lost vehicles, bank accounts, and the courts provided no relief. So, in fact, there is no asset preferable to the goodwill of my friends and neighbors that are honest and honor their obligations.
Hedge against the risk of doing business with criminals, because you are.
Thanks!