Seriously this time: Precious metals are the drums of war. Not always literal formal war, but the global order is breaking apart. Without a hegenmon in charge to enforce, trust breaks down. Bitcoin is still not understood by 99.9% (probably including most Bitcoiners.)

Plus money is more felt than understood. Like a bridge over a river, you don't trust it because of some logic, you test it with your foot. After you cross it a lot, you step on it confidently.

Why would powers and elites turn to Bitcoin now, when they are in fear?

Bitcoin will take time. It will almost inevitably be the primary money of man for a thousand years (if we have that long), but the transition will take at least another decade or two.

For now Bitcoin "trades like a tech stock", where those loaded words are taken to mean it's a high-risk asset

Asset: a thing you can buy and sell inside the fiat financial system casino while trying to escape the theft of inflation built into fiat debt-based "money"

High-risk: we don't understand what this thing is but people buy and sell it

Almost nobody is going to really care sbout Bitcoin until they use it. And they won't use it until they need it. They will start to understand it when they care about it.

That said, life is full of problems. The world will get beaten up in different ways, and as that happens, Bitcoin will spread and rise to the top, because it has the best monetary properties. It's the ONLY thing that has the properties needed for the multipolar technological world. First they are going to try to go back to gold, but it will fail for the exact reasons that created fiat money in the first place.

There are multiple forces and structural factors that push everything to Bitcoin in probably one to two decades.