BUT if BTC cannot serve as storage of wealth for all and neither as day to day currency due to very slow and increasingly expensive transfers, what role will BTC play in the future?
Probably it's for a investment, just like gold.
I understand the current fees is quite high, so it's not recommended to transfer/spend little amount Bitcoin. But we can't know the future, does Lightning network will be used worldwide next? It will solve the high fees problem.
I honestly think that it will become a billionaire's toy in the future and coins like XLM which offer incredibly fast and inexpensive transfers, will play the major role in the financial day to day transactions.
So I believe that the people who have just started to invest in crypto should consider these other coins and forget about bitcoin.
People can choose what they want to invest/buy, but Bitcoin as a mother of cryptocurrencies can't be forget. It's the first crypto that ever exist and already reach top 6 on total market capitalization of all company in this world.
If the world will accept crypto as currency, it won't be BTC.
Read
https://www.opennode.com/blog/bitcoin-regulation-which-countries-are-bitcoin-friendly/I concur that bitcoin, like gold will serve as a store of value and not disappear.
But most people today have already trouble to make both ends meet, so the majority of people don't have the extra wealth to store it through bitcoin. Most people do not own gold and neither will they own bitcoin.
But everybody buys and sells.
So again, bitcoin will not disappear, but it will not play an important role in one's personal life for most of us.But if you can buy your groceries with crypto this is important.
So IMHO, if we pick the right coins today, which will become currency tomorrow, this is the last chance to make a fortune.
In a few years, once these coins are established currency, it will be too late to make 100+ gains.
the controller of bitcoin need pump and dump to make people buy and sell in order to maintain a healthy crypto market and lift its price. most people won't HODL, that's why the market stays good and promising. if you have enough money to buy some bitcoin, buy it now and HODL, they you get unimaginable profit from it