Do you think there is room for another currency to provide the use case for daily transactions; or will bitcoin eventually succeed at this? If you think bitcoin will succeed, how long do you think it will take?
My stakes are on bitcoin really but with little overconfidence I guess. The reason for overconfidence is due to one major fact, bitcoin cost is very huge and the fractions are getting impossible to buy. The smallest bits won't be possible after few years when
BTC will cost you more than 50K USD which is gonna be talks of future.
Imagine buying a cup of coffee and you can't buy it because you can't pay that less amount (bits = mega price fraction). Then it will be impossible to say bitcoin as currency or will turn into currency.
But I believe it would be because its popular and publicly recognised now. Easily getting accepted by everyone which means easy access, high demand giving high prices too in terms of investment.