maybe it's immaterial of me, but recently I've been seeing almost all bigotry (transphobia, misogyny, racism, etc) as constructs of the same thing, and it's almost always a neurosis over perceived loss of patriarchal privilege. And it's a sexual thing too. You're right, I do see bigotries as connected primarily to a privileged position that comes under threat. Being gay, trans, black, or an assertive woman threatens that entire framework if those all end up being valid categories of people, which would then undermine the functions of capitalism overall

I'm also American and see it through that lens. The basic chud impulse is a thought that goes like "i don't want people to think I'm gay, because I'll lose authority if people think I'm gay." That's one of their main preoccupations and it guides their various other bigotries.