I ask this question because I wonder what Bitcoin will become now that the financial institutions and meme coin advocates have taken over.
If Bitcoin is not peer-to-peer electronic cash then how do you see it?
Most of the meme coin hype has nothing to do with bitcoin, there is no meme coin running on the bitcoin blockchain even.
This year most meme coins were on Solana network due to the ultra cheap fees. Last year it was on the Ethereum network. But never on the bitcoin blockchain.
Nothing changes with the financial institutions. You can still send bitcoin peer to peer pretty much as long as the fees are reasonable or you are sending a large amount. Hence why most people use L2 these days for micro transactions.