There's no "could be" here. Not wanting to go to jail is a subjective preference.
That most people prefer the same thing, does not make value objective.
If it did, Bitcoin would also have "objective value" from its scarcity, difficulty of confiscation, ease of move between borders, and many other properties which are preferred by most.
For me, Bitcoin has value because it can't be inflated, and I can carry it on my head over any country's frontier without governments harassing me because of it.
Sure, Bitcoin is a means to an end, I can only "use" it by exchanging it for something else, but so is any other currency.
So we have no benefit of "open access to the mechanism" but with the deleterious effect of the "temporary (1/5 of a long human life) monopoly".