Bitcoin was designed to be a peer-to-peer electronic cash system, not a store of value. You can read it in the whitepaper and that's why I have always been against holding Bitcoin because holding kills it, we need to regularly use Bitcoin for what it was created, a p2p transactions. The more transactions we make, more alive the currency will be, the more adoption and support we will see but today things are changing. Governments and big corporations like BlackRock are pushing it to become a store of value and not a p2p electronic cash system because they buy lots of Bitcoins to hold them. Today, I do not advocate against holding, instead, I support holding because we shouldn't let the government buy Bitcoin cheaply from us to later sell that expensively to us.
It's very good that Bitcoin constitutes about 1.7% of money in the world. This number will only grow in the near future.
It is not governments, corporations or financial institutions that have promoted bitcoin as a store of value, but us( bitcoin investors). Because bitcoin was used as a speculative asset by early investors from the very beginning. Governments and financial institutions play only a small role in this process as they have officially recognized and legalized bitcoin as a commodity and joined the race to accumulate bitcoin.
By the way, as I understand it, currency can also be considered a store of value but this depends on the type of currency. A store of value is an asset that is scarce, durable, and does not depreciate over time. So, if bitcoin does not become a commodity, an investment, and is used for its original purpose, it can also be used as a store of value.