Do you think Bitcoin is becoming more of an infrastructure than a “trade”?

Lately, I’ve noticed fewer people talking about Bitcoin as a quick trade and more as long term infrastructure.

Things like custody, regulation, ETFs, and institutions quietly building around it don’t feel exciting, but they do feel permanent. It’s less about daily moves and more about whether the system actually works over time.

At the same time, this shift seems to turn some early users off. The culture feels different from a few years ago.

Curious how others here see it.

Do you think this evolution is healthy for Bitcoin, or does it risk losing what made it special?