Bitcoin is a modern store of value that will far exceed any other major store of value. Gold and Silver is just impractical in today's digital society. I fully support the deflationary aspect to Bitcoin, it ensure that its value will grow over time.
The scarcity is a large factor of the value that it has.
yes that is right that bitcoin is the currency of the modern people specially the new generation who are showing more interest in bitcoin to use it for online shopping. they are now converting even their business to online and mostly giving preference to online shopping and other dealings, therefore we can say that bitcoin has a great and bright future.
I think it will be a great idea if bitcoin didnt pump into its lowest price, which may scare people in using it for trading unlike using in paper money you have the money that you gain from somewhere, it will remains as is if you dont spend it but in bitcoin dumps its price without any clue but good thing it come back to its original price, bitcoin is better than paper money because it is easy to be earn.
i think it is precisely because of the fluctuations that make bitcoin not very good for use as currency, when you pay something you can lose money and can also profit, for example when you use bitcoin to pay for certain goods and after you pay later due to fluctuations price to be down, of course that will be harmed the seller and vice versa