Satoshi's white paper was titled "Bitcoin: A Peer-to-Peer Electronic Cash System", a disruptive concept of money transfer based on a distributed blockchain that was built on the basis of immutability, no double spend ( as compared to the fiat printing press) and low transaction fees. Up until early 2017, despite the huge price gains, it was still feasible to transact with bitcoins for a low fee. After it's meteoric rise in 2017, with fees sky rocketing, and more blockchain tokens issued in 2017/2108, bitcoin is now seen as a store of value. What value is there when it's original concept and objectives has since been hijacked by miners, corporations and pure greed? It is only a pale resemblance as it's objectives have now been overtaken by other better conceived tokens or coins with the proliferation of Bitcoin Cash, Bitcoin Gold, Green, Private and what not, reminding me of the Coke commercial with so many choices of Coke, you would rather have a Pepsi. So instead of Bitpay, in China, Alipay and WeChatpay have already taken the concepts and made them viable albeit in the hands of corporate giants where Apple Pay, Samsung Pay have failed to take off so much so that the Bitcoin ban in China has had little to no impact.
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Yes, I call it the retreating battle of use cases. Once upon a time Bitcoin was supposed to be for micro-transactions, medium or regular transactions like a cup of coffee, and even big transactions. Now It definitely fails at micro-transactions, it's kinda too slow for a cup of coffee, and more or less works for big and really big transactions. I'm skeptical whether it will continue as a store of value... but I guess it's a possibility.