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?
It depends on how you see it yourself. You determine how you want to take advantage of Bitcoin. Do you want to use Bitcoin as a currency to buy goods internationally or pay for services and products locally?
Do you want to invest your funds into Bitcoin as an asset and watch it grow to become very significant in some years when it can only be affordable by the large pockets and businesses who receive payments with it?
Bitcoin is still cash, just as much as it is an asset after the launch of the ETF and since it can be traded on the exchange market. I don't need to talk about the countries that use it to pay taxes or for purchase and payments of service, because they exist and the numbers is climbing and the world is becoming more aware of cryptocurrency and the pairs that are cheaper to trade with.