The hype narrative of crypto constantly changes based on what the promoters need to push. They basically repeated the phrase over and over similar to propaganda.

First, it was a medium exchange. Then they found out it was too slow and costly to be a medium of exchange.

Then it was an anonymous currency. Governments came up with ways to track it and required exchanges to record info about their customers.

Then it was an "uncorrelated asset". That didn't work out because it is highly correlated to the NASDAQ.

Now it is "digital gold", a store of value, and an inflation hedge. That isn't panning out either. I don't think anyone is surprised.