This is an important time to focus on building real utility for tokens. BTC, naturally, is chief among the "real utility" aspect of cryptocurrencies. HIVE is a close second for us.
What is the utility of BTC? This is something hard to see. It isnt a medium of exchange since they are pushing the payments to the second layer.
It has to be something else, which I am not sure has really been defined at this point.
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IMO it's the original idea of BTC itself. It's not a medium of exchange, it's a decentralized, sovereign and mathematically-verified storehold of wealth.
BTC is gold 2.0. That's the narrative I've always bought into and believe it's the "correct" one
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Trustless, uncensorable, unseizable transfer of a scarce (fixed supply of 21,000,000) digital asset between more than 100 million distributed individuals accepted by 15,000 businesses, found on 500+ exchanges, with thousands of trading pairs. Not to mention with a huge first mover advantage.
Bitcoin has huge utility.
If you need to find out more about Bitcoin, you can pick up a copy of The Bitcoin Standard by Saifedean Ammous.