What does this mean?

[qazwsx1234]

Ut puto deus fio

I found this Latin phrase here.
It says "I think I am becoming a God." But it's ambiguous.

Does this mean "I am in the process of changing into a God?"
Like a caterpillar changing?

[anne242]

"As I surmise, I am becoming a god"

"Woe is me. I think I'm turning into a god."

“Dammit, I fear I'm turning into a god.”