With global markets headed towards an economic downturn once again, I'm reminded of why Bitcoin was created in the first place... centralized financial institutions cannot be trusted.
But as the fiat currencies like the dollar continue to deteriorate in value, it's becoming increasingly clear we need a real alternative.
It seems Bitcoin Core has embraced the digital gold narrative, which fails to achieve the original goal of P2P electronic cash. Do these developers really know better?
I don't understand why you are reminded of why Bitcoin was created after seeing the global markets heading towards an economic downturn. That is definitely not why Bitcoin was created. Bitcoin was created to work as a peer-to-peer electronic cash so that people can send and receive money to one another without having to rely on a centralized financial institution, Bitcoin is decentralized, I hope you know that, and none of this has changed.
Bitcoin is still the same old thing, you can use it to send and receive money without anyone knowing about it unless you tell them about it or you have your wallet attached to a centralized account where you either sent or received Bitcoins which may link the transaction to you, but that's a different thing.
Bitcoin wasn't created so that it could become highly valuable and be able to fight economic downturns or provide a safe haven for people running away from inflation, it has become this way but that wasn't the primary purpose.