Although I follow the logic, I think your friend is wrong. A consequence of trying to make bitcoin BTC a "store of value" first has led to huge investment centralization as well as a drastic reduction in the number viable use cases.
Investment centralization is bad because it makes it much more susceptible to regulatory capture by the industries crypto stands to disrupt. We're already seeing this now. The same big banks that called crypto a scam have suddenly become bullish after a few years of quietly buying coins. We need regular people on the streets advocating for crypto.
The reduced use cases is a problem because it minimizes adoption and the network effect, both of which are vital for the long term survival of the network.
Investment centralization is bad because it makes it much more susceptible to regulatory capture by the industries crypto stands to disrupt. We're already seeing this now. The same big banks that called crypto a scam have suddenly become bullish after a few years of quietly buying coins. We need regular people on the streets advocating for crypto.
The reduced use cases is a problem because it minimizes adoption and the network effect, both of which are vital for the long term survival of the network.