If the world is to flee into a digital asset, Bitcoin just isn’t going to cut it. Bitcoin is difficult to transact. It’s difficult to trade without a third party taking custody. Mining is energy intensive and physical centralized. It hardly suffices for that role at this time.

I quite agree. But many people are looking at it as a substitute for gold, which is even more difficult to transact, energy intensive etc there is a perception that it is the most decentralized and secure. I don't know if that is true