This is incorrect, bitcoin is slower and more expensive, but bitcoin should not be used as cash, coins like stablecoins which direclty track US dollars or altcoins with lower fees should be used, the lightning network also is useful for transactions.

Bitcoin CAN be used as a store of wealth and the slowness actually makes it better as the slowness is part of the same process that makes it safer, harder to hack/takeover, and gives it value.

You should not look at all crypto as one thing.