There’s a chance for Binance to be the next Ethereum, but it won’t replace Ethereum position. Ethereum will still above Binance Smart Chain. IMO, Binance Smart Chain is too “centralized” for a decentralized network. It was created by Binance which is a centralized exchange too. However, some people will rely on “Binance” branding too.
I love using BSC, it’s fast and more affordable for crypto enthusiast like me. BSC could be a training ground before you enter the real life. In this case, Ethereum.
Binance Smart Chain should be the first Binance Smart Chain, not the next Ethereum.
Yes, centralization is the main concern about BSC. Also fees will rise eventually. It's just matter of time.
But any blockchain platform has transaction limit, so I think people will use several popular chains with bridges between them.