bitcoin is a store of value. as it first needs to be a store of value to then be a medium of exchange.
by this i mean if having no value, people wont want to exchange it.

but people dont understand where the value comes from or what the value(financial) and values(function/feature) are

here is what a few people cant agree on.
some people just think that it has no purpose/function and is just a store of value.
this is usually the case in most peoples towns where they cant use bitcoin(as bitcoin, not converted) to buy food, rent, etc
this is where people need to do things in their towns to actually ask their local shops to try accepting bitcoin.
bitcoin is not some complex AI that can get on a plane or phone and talk to everyons local shops. people that actually want to use bitcoin locally need to actually be involved in getting retailers to adopt bitcoin


some people just think its value($) is based on being higher than the last person that bought it
by this i mean the common sense is when someone buys an asset they are reluctant to sell at a loss, so if everyone bought at $10k then they would all have the common sense to want to sell for $10,001+ and thus there would not be any/much orders below $10k
..

but what people dont realise is that the PRICE.. is NOT the VALUE($)
what people forget, dont know or dont understand is that when people buy btc they are not buying it 'at value'', same as gold. they are not buying it at value, they are buying it at a spot PRICE which is above value. and hoping value increases to ventually be abl to sell at a profit

imagine it like an iceburg in the ocean. people think that price and value is the tip of the iceburg. what they dont realise is the bit underwater is the value, holding it up. and the bit above the water(the iceburgs tip) is the price, which is speculative that can melt down or frost up, depending on the weather, environment.

then people need to know what builds up the value part.
yes over time its the acquisition costs. such as if it cost $9kto make btc. and after many months of speculative trading eventually the majority of trader have bought btc above $9 then the waterline becomes $9k knowing most wont sell below it unless it became cheaper to mine it blow $9k or those buying early on at cheap can sell for less at a profit.
eventually though, even when those early buyers sell, the next buyer has a higher line than previous people. so eventually the water line rises....

now to the main point.
too many stupid and gready people do not care about btc's values(function/features) and just care about it as a buy low sell high. but if btc only became speculative with no underlying values, nothing holding it up above a waterline.. then it will just sink. as thats what things like ponzi's are. things with no purpose done just to get a new person to buy for more than the last person.
in short.if people actually care about btc we should be caring about keeping bitcoins features and functions alive. not passing the value/valus off to some other network and using bitcoin as just a store. because if so, then yes that store would sink as it has nothing holding it up but vapour