I'm extremely hopeful about the future of Bitcoin. And here's why:
1.) Our life is becoming more and more digital. For a digital world, we need a digital currency. Hence, Bitcoin.
2.) Today's financial system (as a relict of the past) is heavily flawed. If we are to evolve as a human race, we need a more advanced form of money.
3.) Bitcoin is a form of decentralized digital currency which is closest to perfect money people have ever come to.
4.) Bitcoin's price chart is already following a similar profile as gold's chart price. We just need to zoom out and look at the BTC price from a larger time frame. This is pretty convincing that BTC is already a strong competitor of gold as a store of value.
5.) It is just a matter of time before large institutions and national states realize the advantages of holding Bitcoin (vs holding gold or bonds). When that happens, the last obstacle will be removed for widespread adoption.
I agree especially with point 5, (and 2, its extremely flawed and corrupt, something that a open ledger will prevent in part)there are huge problems with bonds as inflation rages on and interest are increased, they will just have useless or even negative yield compared to other assets. Gold sure is useful in electronics but still comes with some Issues, storage and the possibility to transact, which bitcoin solves.
Gold will still be used in electronics and increasingly in medicine I've realized, things that bitcoin never can be. Both precious metals and digital currencies serve a strong purpose in tackling of the coming financial problems.
I am very bullish long term even if the system will fight back, release their own centralized digital currencies etc, Bitcoin is here for a reason, a reason that is stronger now then ever, we will prevail.
Peace