Sadly it is not. It does not work as money with 7tps onchain and lightning being so bad that almost everybody uses custodial wallets.
Go to El Salvador and see for yourself - it completely failed as money.
This is why governments have no problem in supporting BTC - it does not work as money in its current form, it is no competition to FIAT and as a public, transparent ledger it offers total surveillance for the people who control us.
Ask yourself - why are governments not afraid of BTC?
