I dont think its working as inflationary alternative to government fiat currencies, I mean that change is not even observable in the current era. Fiat is still the strong hold and tell you what gold is still the best asset in this world no matter what you talk about the bitcoin or what price bitcoin has got today.

In general public the best currency is still fiat and best store value is still gold. Come to think of it, how many salary earner knows how bitcoin works, It is just that you and me are more or less dedicated into crypto that's why we see the vision of it. But come on look at the world population and look at the number of people involved in bitcoin, i can tell you less than 20% of my country population knows about bitcoin.