Bitcoin is a simple liquidity swap between two parties in one fiat currency.
We would use bitcoin under the assumption that central bank stimulus creates distortion and we want distortion free measure. Currently the transaction cost for a Btc at 40k is about 30 bucks. If we use the seigniorage remits back to Treasury as a measure of distortion then th distortion is about 150 billion/yr.
The Btc transaction costs is about 20 basis points, maybe, a bit high. The central bank distortion is about 74 basis points, over the whole NGDP. Btc should increase in value as long as the central bank continues the distortion tax on fiat dollars.
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