I am struggling to understand how Bitcoin is going to be used.
I know its long standing coin, gold like qualities, not hackable etc. But when it comes to how it can be used, I could not find any answer. High transaction fee, limited coins cause deflation, too volatile etc. General public, corporations cannot use it. Gold is different, there is nothing like gold but we have better coins than this.
Will this be used for only speculation, betting? How would general public / institutions use it in future?
Everyone can use Bitcoin as payment in various services and stores that support/accept Bitcoin, now you can use Bitcoin for payment if you want, High transaction fees, slow transaction confirmation, volatile is the current weakness of Bitcoin, but you can take advantage of third party services/payment processors to reduce those risk