Or will it one day be truthfully utilized for day-to-day life like paying for meals?
I think bitcoin will never be used for day to day payments.
We see that states (for example, Iran) and large corporations are interested in bitcoin. There are very few coins (18,000,000 coins).
At the same time, the number of Bitcoin transactions is limited by the block size (hello, Bitcoin Cash!). An increase in block size is detrimental to decentralization.
Bitcoin is the perfect reserve currency. Since Bitcoin allows smart contracts, Bitcoin tokens and digital assets can be created.
The main use case for Bitcoin in the future is not money, but protocol.