The world is still deciding what Bitcoin does as well as how is should be classified, after it's inception twelve years ago . Practically, Bitcoin isn't isolated from the traditional banking system because its price is supported by USD bank liquidity making its trade as a speculative asset rather than a currency.
Satoshi Natamoto envisioned Bitcoin as an alternative to traditional fiat currencies. If Bitcoin had been trading on its core value proposition - the ability to be your own bank - then Bitcoin would have rallied with rising bank uncertainty
After all, Bitcoin network suffers from scalability issues and high transaction fees, leading many to believe that Bitcoin is more of a store of value than an alternative form of cash. With Bitcoin and other cryptocurrency, we're faced with a more futuristic form of money
If you continue to uphold bitcoin on all of the points you've raised, you'll always have an excuse not to embrace it. What matters most is the good influence it has on the financial system, whether as a store of value, speculative asset, or alternative to fiat currency. If you've accepted it, you must have seen and comprehended what it implies. Anonymity, privacy, security, and complete financial ownership are all compelling reasons to embrace it.