We have seen a lot of companies, products, and websites that were leading in their field vanish and disappear with time. Could this be the case with Bitcoin?
i think bitcoin will be used as investment for life.
dont forget, most of altcoins depends on bitcoin price
With that in mind i see Bitcoin as gold, a store of value, but not meant for daily transactions (although this could also be a possibility) maybe we could also view it as new currency like the dollar and view other altcoins as stocks, if that makes sense, the many pairs that BTC has makes it superior now, but it's not meant for daily transactions in my opinion.
I think a thing that many might not realize is that these cryptocurrencies might not go as mainstream as many hope, although blockchain technology will be everywhere, what stops governments like the united states from just basing their banking-systems on this technology, making payments more efficient but correlate it to the dollar (like usdt) and not use any of the pre-existing coins, as they are to volatile and more like a speculative investment.
I think cryptocurrency in the future will be implemented everywhere (the blockchain technology) and the few will use it in countries with suppression, or people who wish to make anonymous transactions, as of now i see the whole industry as a speculative bubble, as i see huge rise in price, but not a greater rate of adaptation as real life payments. I think the speculative bubble will burst some day (a new market cycle) and then Bitcoin will again rise from the ashes, but valued more true to the technology behind it, because as of now most people are just investing in cryptocurrencies as an investment, and not with actual use in mind.
Just my 2 cents :-))