Interesting perspective. I think it will be almost impossible with the euro countries, and they would start to feel threatened if it happened in the Nordic countries. So although it's a possibility I don't see it as very likely. The dominant strategy for some countries will be to loot real economic wealth here and there and to prepare for a more decentralized and multipolar world. At the same time, some regions within nation states in the west will embrace bitcoin, and the same with more and more countries in the global south. They will probably do it step by step and without as much noise as in El Salvador.

To sum up - I believe the monetary policy has been stretched too far as an instrument that can do the heavy lifting. Rulers in the US camp will steal more real economic goods wherever they can, and think that they can trade them for bitcoin in the. Rulers other places will gradually embrace bitcoin. The effect will be that it becomes more and more difficult to use monetary policy as an extraction device.