The correct question is, do you need a monarch when property rights are inviolable.

Instituting a Monarchy requires a man be presented and through a consensus mechanism be elected. (Vote, counvil of elders etc.) Most Monarchies are democratically established but democracy normally ends where raw power begins.

People establish monarchies because of uncertainty and doubt. Wanting to abdicate responsibility in favour of centralised organisation of human resources.

It is possible that the richest of the rich bitcoiners debose the banks as systems of power like the bankers conspired against the Monarchs. 

We will see, either way I believe the world is healing. Anyway, Jesus is King. And we are all Satoshi. 

 The largest number of monarchs were not elected.

True, some had to consolidate some of the ruling families/powers in their nations, but that is hardly a vote of the people.

I would go further and say that we establish governments, not because we want to abdicate responsibility, but because it is more economical for the protection of rights. But only if that government remains restrained, which they never do.

Absolutely, the world will heal when Christ sets up His kingdom. 

Interestingly enough, I'd like to do more reading on Bruno Leoni. He advocated for a system of judges, similar to Israel before they established kings.