I ask this question because I wonder what Bitcoin will become now that the financial institutions and meme coin advocates have taken over.
How can they take over and what steps they will take to support your statement. Financial institutions do not have the capacity to take over bitcoin because bitcoin runs on its own power and meme supporters also do not have the capacity for a full takeover of bitcoin. I don't understand what you mean and I don't see what you are talking about making any more sense.
If Bitcoin is not peer-to-peer electronic cash then how do you see it?
This makes much less sense and I don't think you understand the concept of bitcoin. I still see bitcoin as one of the best assets and some countries still apply bitcoin as an investment asset.