Throughout history, people have been hard at finding something that holds value on its own. Think gold. Now consider diamonds, for which DeBeers created artificial scarcity and endless marketing to make it worth something. Once the perception of something valuable sets in, there is no way you could displace it. Yes, Bitcoin will slowly replace gold as the primary store of independent value, but that doesn't mean gold will become worthless. It would just become a secondary store of value to Bitcoin.

Bitcoin has passed through the initial stages of doubt and uncertainty. As of now in 2017, there is an entire industry being spawned on top of this technology. There is no way in hell something like this would lose its entire value. Yes, its a highly volatile asset, but every time it bounces back. Bitcoin is here to stay with us for the foreseeable future.