Its global, fast, and permissionless. No middlemen. No borders. No tariffs. You can send value anywhere with no friction. Thats powerful in a world where governments are tightening control.
Bitcoin is perfect for paying for digital goods (or services), but how do you avoid controls or taxes if you sell physical goods? How do you get it across borders and customs? And that's where bitcoin becomes useless.
Domestically, you can still sell physical goods for bitcoin. For now, it's not so heavily regulated (but don't forget about taxes).
Trade wars also hurt fiat currencies. Inflation rises, trust falls. People look for hard money. Bitcoin steps in as the digital escape hatch.
Until panic starts among bitcoiners. Also, it should be taken into account that the collapse of world markets will undoubtedly affect cryptomarket too. This is inevitable.
Less trust in the system means more reasons to hold BTC.
Whether we trust the system or not, we are in it. From which we can't escape.