>Not sure how you can use an asset whose price is fluctuating so wildly (and is correlated/anti-correlated to indicators and trends having little to do with your local government) as an effective hedge against incompetent/corrupt government.

The few legit / non-speculative uses of crypto are denominated in pegged stable coins like USDC, USDT, and some lower volume options denominated in EUR and other currencies. You can deposit these into crypto banks for a ~3-8% APY. A few of these options are even FDIC insured (e.g. Gemini's GUSD).

(this is unrelated to Bitcoin, which is more or less a volatile meme asset)