Take the address and deref afterwards, and it's exactly the same. Or to say another way: if you want bits to be reinterpreted raw as if they're in memory, then... put them in memory, then reinterpret them.

> You could use it to define a function that implements bitCast. Which defeats the purpose of having any @bitCast intrinsic

Yes, and this is one reason @bitCast was changed to have semantics that are not trivially achieved with @ptrCast.