Missing the point. Bitcoin is the first cryptocurrency to grab attention and normalize the idea of public permissionless public blockchains in the public's and government's mind. Upon this foundation laid by bitcoin, other coins that use proof-of-stake can gradually take over some or most of its market share.
The alternative to your narrative is that this is promoting permissionless cryptocurrency that is hard for the government to print and manipulate, not necessarily Bitcoin per se.
Additionally, if proof-of-stake coins and DeFi can take over some of the manual paperwork done by banks, it would amount to energy savings.
Right now bitcoin is the leader and everybody knows what it is. Compared to other coins, it has a more mature ecosystem to support the needs of a corporate treasury. Companies choosing bitcoin now doesn't mean a proof-of-stake coin cannot take over the mantle later. You can consider bitcoin to be the first coin that lands on a beachhead in the disruption of traditional finance.
The alternative to your narrative is that this is promoting permissionless cryptocurrency that is hard for the government to print and manipulate, not necessarily Bitcoin per se.
Additionally, if proof-of-stake coins and DeFi can take over some of the manual paperwork done by banks, it would amount to energy savings.
Right now bitcoin is the leader and everybody knows what it is. Compared to other coins, it has a more mature ecosystem to support the needs of a corporate treasury. Companies choosing bitcoin now doesn't mean a proof-of-stake coin cannot take over the mantle later. You can consider bitcoin to be the first coin that lands on a beachhead in the disruption of traditional finance.