The total possible bitcoins is only 21M, and now half of that is out in people's hands. It is limited in supply, I think for most people bitcoin is also not their major assets, so they do not have to worry to liquidate them to get back resources they need.

All these factors make it so easy to be hoarded and price go up and up and up, but actually normally economy forms around it.

In real life, people will still use fiat, bitcoin become a collectable that is in the process of forever wasting resources (blockchain hashing), doing nothing. (price may still go up and up)

What if this is the end result?

(Not saying I agree with this viewpoint, but I think there is merits and people should think about this)