Silver was $80/ounce in 1980. That is like $3000/ounce today. But now Silver is $17/ounce.
All the signs that Bitcoin is going the Silver way. It was declared that Silver will be precious metal and it will be traded on buying and selling and also speculations/predicting events because silver has many uses in Industries, electronics (TVs, computers etc..), a cruise missile has 16 kgs silver that is the reason major war takes Silver price to new highs.
Now Bitcoin has been declared as a speculative asset by governments (deal at your own risk).
Not at all and I will explain why. The total number of Bitcoins that can be mined is 21 million. Think about if the Earth had 21 million pounds of gold. Some of that gold is melted down and alloyed with other materials. Some of it is lost at sea never to be recovered. Gold however still has value even though as the years go on there is less of it every year. Bitcoin works exactly the same way. For each coin that is lost and each person that forgot where they put their key when they went to Cold Storage it makes the value of the remaining coins that much higher. It's getting to be pretty difficult to own an entire Bitcoin and in two years it's going to be ridiculously hard or expensive. The next halving is going to happen and that means each block of Bitcoin is only going to be 6.25 coins. The value of Bitcoin either has to go substantially higher or the entire project has to crash. The reason I say it has to go higher is because of the cost of mining. It's getting more and more expensive to extract Bitcoin out of the air. I don't have the foggiest idea how high or where the price is headed but I would be very surprised if it's not at least 35 thousand by 2020 at a minimum