Bitcoin offers an efficient means of transferring money over the internet and is controlled by a decentralised network with a transparent set of rules.

Bitcoin will obtain its value both from its use as a medium of exchange and as a store of value. This will show that bitcoin’s utility as a store of value is dependent on its utility as a medium of exchange.

For something to be used as a store of value it needs to have some intrinsic value, if Bitcoin does not achieve success as a medium of exchange, it will have no practical utility and thus no intrinsic value and won’t be appealing as a store of value.

From my point of view, is that as Bitcoin gains legitimacy, larger scale investors, and more adoption. Its volatility will decrease to the point that volatility is not a concern that would discourage adoption.