No they're not. Money is supposed to be scarce and has been for the vast majority of the history of civilization.

But let's agree to disagree there. Even then, money has multiple roles: unit of account, store of value.

Currently, Bitcoin plays the role of storing value. Like a savings account, or "digital gold". Not for payments. It might play a payment role in the future on layer 2, or it might not. Too soon to tell.