Anything useful which can be built on Eth can and will be built on Bitcoin's secondary layers. Over time we will figure out which is the best 2nd or even 3rd layer protocol for medium of exchange, defi, smart contacts etc. I believe Liquid Bitcoin has some interesting developments.
In the meantime, we should focus on the best store of value ever created promoting MoE. Because monetary networks eventually converges of the single best one @Ken Berry, MD.
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I'd prefer Bitcoin just stay as money. Use something different for compute