I am aware that in Vivaldi’s browser you have the option in the browser configuration to either display it or hide the Status Bar
I would like Brave to have the ability to hide the Status Bar as I like to have as much of the browser User Interface hidden to maximise viewable screen area on my macOS monitor.
The information displayed about navigations etc. appears and disappears so rapidly I can not possibly read it at all and so it is completely useless and because of this the Status Bar is just another annoyance.
If Vivaldi’s browser can give you the option in the browser configuration to either display it or hide it, there is no technical reason why Brave can’t have this option too.