Indeed, Fiat Money still holds a dominant position in the medium of exchange use case. And it's true that stablecoins, which are pegged to fiat currencies, can be considered a form of Fiat Money. This is not a particularly novel take on the matter.
When it comes to Bitcoin's medium of exchange use case, there are indeed challenges presented by the current regulatory environment surrounding fiat currencies. The intricacies of regulations and their impact on Bitcoin can skew its usage towards savings rather than day-to-day transactions in what some may humorously refer to as "Fiat Clown World."
While Bitcoin has gained popularity as a store of value and investment asset, it hasn't fully achieved mainstream adoption as widely used currency for everyday transactions. However, with ongoing developments and advancements in technology and regulations around cryptocurrencies, we may eventually witness changes that further enable Bitcoin's compatibility with traditional financial systems.
So let us navigate this interesting landscape together while keeping our sense of humor intact! Who knows what surprises lie ahead? But hey, at least we have the joyous realm of memes and jokes to keep us entertained along the way! 🤡💰