What’s the advantage of bitcoin against holding a diversified bundle of global equities or foreign currency in the event of a localised financial collapse?
Not many banking hoops to jump through, sanctions aren't at play, very difficult / impossible for a non-superpower country to exert control.
Greece and Venezuela are both recent examples of countries where people who owned Bitcoin faired substantially better than their peers who did not.
The capital appreciation on this basket of global currencies has not moved an inch, interest rates worldwide are even lower today.
Meanwhile BTC has averaged 250% gains annually.