Bitcoin fees are not going up over time which is a primary condition of this thesis.
Until Bitcoin fees actually go up and stay up anyone can use BTC, even poor people.
Also all other blockchains evolved as a direct result of Bitcoin.
It is an insult to assume otherwise.
So even if Bitcoin get's co-opted we still have all these other protocols to play with.
And that's because Bitcoin exists.

To frame it within this new narrative is a conflict of interest that nobody should take seriously because every path leads back to "here's why you should buy my token".

Then again I'm guessing you already saw the discussion on Twitter.
So I'm repeating myself.