@noob404 @Novice4321 @tastebin
I think I've stumbled upon a much deeper problem than just the Bluetooth and Wi-Fi drivers not working properly...
There's a fundamental coding error or compilation error with Hippie68s initramfs file.
Look at provided kernel string: [ 64.790335] Bluetooth: hci0: Firmware already downloaded
See also below picture:

As you can see from the directory ~/lib/firmware/mediatek/mt7668pr2h.bin is already there.
If I'm correct in my assumptions... this means the initramfs file is NOT loading the already installed drivers of the Linux distribution.
If the initramfs file gets fixed, then this could mean a MASSIVE improvement for PS4 Linux. Not just functionality wise, but also PS4 Linux gaming....