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.
What do you mean here? just group of nations decided what's best for bitcoin? Or the investors themselves? whether institutions or average joe retail investors like the rest of us here?
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
In the Whitepaper, he wanted bitcoin to be a payment system first. However, it evolved in the last 12 years, and it become a asset and so we think of it as a alternatie to fiat currencies now.
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
Check Mempool, fees are set to 2 sat/vByte, so it's quite cheap as contrary to your claims that fees are expensive. Besides it's borderless, you can send to as far as Timbukto or whatever region in the world and they can received it in matter of hours. As compare to let's say you used remittances services like Western Union, minimum 3-5 days.