Has Bitcoin lost some of its original simplicity?

Upon introduction, the idea of Bitcoin was simple. It was centered around simple per-to-per transactions. There was no need for banks or advanced central authority.
Everyone could send Bitcoin directly to someone else without approval from any financial institution. But today, the Bitcoin ecosystem feels a lot more complicated with things like: hardware wallets, multisig wallets, exchanges and institutional infrastructure, etc…
I personally don't think any of these contradict Bitcoin's original principles per say. Many of them were created because Bitcoin's popularity called for additional infrastructure.
But it raises an interesting question: DID BITCOIN BECOME TOO COMPLICATED?
A person discovering the Bitcoin space today might hear things like:
“Don't keep your coins on an exchange”, or “Use a hardware wallet”, or “Consider multisig”, and the likes…..
Imagine that person simply wanting to send £20 worth of Bitcoin to a friend. That may seem like a lot to take in.
Compare that with the original concept of: “I have Bitcoin; - you have Bitcoin; - and I send Bitcoin to you or vice versa”.
If you take another look at it, perhaps this complexity isn't necessarily a failure or a stumbling block. The Internet itself has become incredibly complicated although it still has that iota of simplicity.
Maybe Bitcoin is going through a rather similar process where the core protocol remains while layers of additional technology are added to it.
So maybe the correct question is:
“Can Bitcoin keep its original simplicity while becoming more sophisticated underneath?”
What's your take on this……