Unfortunately, yes, bitcoin is constantly changing its properties.
Bitcoin is not changing its properties, the people's perceptions are. I think from now on it will be hard to sell Bitcoin as a hedge against inflation or economic uncertainty. I guess the narrative would switch to censorship resistance and privacy, though these things are much harder to sell to general population than value going up as a reaction to inflation. Or maybe the economic hedge narrative will have its second chance if a bull market will happen while the global economy is in a recession.
The next 2-3 years will be very interesting for Bitcoin, it's nothing like any previous years, so it will be a huge test for it.
