Two things should be distinguished:

1) Bitcoin as a technological achievement, enabling (almost) anonymous, (almost) instantaneous, irreversible payments.

2) The vermin that jumped on it: script-kiddie Internet 'enterpreneurs', thieves/hackers and all the rest of starry/$$$-eyed bozos. The vermin just couldn't create economy around the Bitcoin because they are essentially leeches. The days when you can pull some shitty HTML/JavaScript and make a business out of it are long gone.

Thus, for a few years, until somebody honest and creative comes into the picture, it is all downward.

And let's not forget:

3) The elephants in the room, the biggest of which is US Gov and Financial 'elite' that owns it.