although quite a lot of countries have implemented Bitcoin as an investment asset. but they will not remove the inherent definition of Bitcoin as a digital currency. no matter whether they legalize the use of Bitcoin as a transaction tool or not. If trading is carried out on a P2P basis by service providers or services with their customers, Bitcoin's function as a digital currency that provides financial freedom to its users is actually running.

Up to now, my country's government still calls bitcoin a digital currency, virtual currency, but they still prohibit people from using it as a payment method or currency. They just allow people to invest, treating it as a tradable commodity. Even though they still call it digital currency, we can't use it as its name suggests, so what does that mean?

I know that there are still some people who haven't given up on supporting bitcoin as a currency but I think that has failed. Not only because the government doesn't recognize it, but we also only use bitcoin as an investment instead of using it as currency. Not to mention problems like sudden increases in transaction fees and long confirmation times, bitcoin really cannot become a popular currency.

Bitcoin remains a digital cash and a store of value, it's not dragging positions with financial institutions or memecoins, it's in a class of it's own and has proven it's reputation as a means of payments and as an investment asset. Some businesses and individuals accept it as an alternative currency for payments, the only thing that has not made it's acceptance to gain the popularity that it deserves is the slow adoption rate, but it's less than two decades old compered to fiat that has always been here. Although I can't deny that Bitcoin is used more as an investment asset, investors buys and sells it for profit, all the same, you can't compare memecoins to Bitcoin.

I wonder where you go the idea that bitcoin is no longer a digital currency, If bitcoin is no longer a digital currency then what do you think it is?
Also I think your choice of topic is not accurate because I'm still trying to figure out if you're asking a question or saying it cause it's true. If your question is whether bitcoin is no longer a digital cash the answer is no, it can't be held physically like other fiat currency or gold, bitcoin is a digital currency created by Satoshi and would continue to be a digital currency whether the financial institutions or meme coin advocates have taken over like you claim, but I also doubt if that's possible cause it's the most superior cryptocurrency and can't be controlled by any government or institution.

Even if FIAT and meme coins become more powerful than Bitcoin (which will likely not happen), it will not change the fact that Bitcoin is a digital currency. Currently, Bitcoin is the number one cryptocurrency yet altcoins are still seen as digital currencies. Bitcoin has all the features that qualifies it to be called a digital currency.

• it is divisible
• its supply is scarce
• it is a store of value
• it is a means of payment
• A unit of account

Although many people still appreciate it more as an investment, it is still a currency and it is slowing gaining general acceptance.  Therefore, you should erase all doubts from your mind, the purpose for which Bitcoin was created still is still very valid.

BTC hasn't been cash for years. We diverted from Satoshi's vision years ago... I guess these days people will call it a "store of value" but nothing which drops 80% in a bear cycle is considering a store of value....

This definition will never disappear and will continue to be applied and many countries legalize bitcoin as an investment asset because they cannot possibly provide access to bitcoin as legal tender. It seems like we are thinking too far ahead and what the OP said will most likely not be realized in the near future because to legalize bitcoin as legal tender requires a lot of approval from the government in power and not to mention the regulations that regulate it

The problem is that not many people understand how to use it, even though if use is done P2P it will truly provide financial freedom. Basically, the definition of bitcoin as a digital currency will never change even if people try to explain it in any way because this definition was inherent when bitcoin was created.

First of all you have a massive misunderstanding and it seems bit messed up when I see people comparing financial institutions with Bitcoin as they are two different and opposite entities. Meme coins are joke and cannot be considered for peer to peer as you never know when it will become zero, though some may use it for small transactions. Bitcoin has not lost an inch except the fact that transactions fee are pain in wrong place.

bitcoin is a digital currency which will all know that from the process of knowing Bitcoin it is quite all right that Bitcoin is an independable currency and which is not under the control of government so looking at it in all round its an independable currency  and that's why government continues to fight against bitcoin

I've yet to hear a proposal for how you'd "disallow" it.  Mostly it just sounds like you want to tell people how they can and can't transact and are playing the hysteria card to make it sound as though people should agree with you.  I see your cries falling on deaf ears.  People are going to continue doing whatever the hell they want.  Because they can.

You bid for space in blocks.  That's the design.  Always has been.  Sometimes it gets expensive.  That's how bidding works.  The way Bitcoin was intended is that no one can interfere with anyone else's transactions.  That's what it's currently doing while it continues to resist forum hysteria about it supposedly being "slow" and "expensive".  Bitcoin is doing exactly what it's supposed to do.   

If you want fast and cheap, find a design that wasn't based on bidding for finite space in blocks.  You'll soon learn what you're sacrificing to obtain fast and cheap, though.