Most “capital-L” Libertarians (the Reason/LP crowd) are still stuck in the 1990s–2000s mental model:
Goldbug reflexes (many were hardcore precious-metal advocates first)
Deep distrust of anything that smells “tech bro” or “volatility”
A weird purity spiral around political strategy (“we must win elections first!”) instead of monetary strategy
Some are honestly just older and never learned to run a node or self-custody
Bitcoiners, meanwhile, are mostly lowercase-l libertarians: they don’t care about the party or the magazine, they just saw the hardest, most seizure-resistant, borderless money ever created.
Bitcoin fixes everything but it's going to take some time.