C++20 bit_cast vs reinterpret_cast

Well, there is one obvious reason: because it wouldn't do everything that bit_cast does. Even in the C++20 world where we can allocate memory at compile time, reinterpret_cast is forbidden in constexpr functions. One of the explicit goals of bit_cast is to be able to do these sorts of things at compile-time:

Furthermore, it is currently impossible to implement a constexpr bit-cast function, as memcpy itself isn’t constexpr. Marking the proposed function as constexpr doesn’t require or prevent memcpy from becoming constexpr, but requires compiler support. This leaves implementations free to use their own internal solution (e.g. LLVM has a bitcast opcode).

Now, you could say that you could just extend this specific usage of reinterpret_cast to constexpr contexts. But that makes the rules complicated. Instead of simply knowing that reinterpret_cast can't be used in constexpr code period, you have to remember the specific forms of reinterpret_cast that can't be used.

Also, there are practical concerns. Even if you wanted to go the reinterpret_cast route, std::bit_cast is a library function. And it's always easier to get a library feature through the committee than a language feature, even if it would receive some compiler support.

Then there's the more subjective stuff. reinterpret_cast is generally considered an inherently dangerous operation, indicative of "cheating" the type system in some way. By contrast, bit_cast is not. It is generating a new object as if by copying its value representation from an existing one. It's a low-level tool, but it's not a tool that messes with the type system. So it would be strange to spell a "safe" operation the same way you spell a "dangerous" one.

Indeed, if you did spell them the same way, it starts raising questions as to why this is reasonably well-defined:

float f = 20.4f;
int i = reinterpret_cast<int>(f);

But this is somehow bad:

float f = 20.4f;
int &i = reinterpret_cast<int &>(f);

And sure, a language lawyer or someone familiar with the strict aliasing rule would understand why the latter is bad. But for the lay person, if it is fine to use reinterpret_cast to do a bit-conversion, it is unclear why it is wrong to use reinterpret_cast to convert pointers/references and interpret an existing object as a converted type.

Different tools should be spelled differently.