With major investments from companies to mainstream governments into Bitcoin, the price per coin should've soared by now. If Gold reached a new ATH, then Bitcoin can do better. We'll see how everything will play out in the long run as Fiat collapses in its entirety. I'd be surprised if Bitcoin becomes the new unit of account used in global commerce. That would be a real game-changer. Just my opinion
Bitcoin has really changed the game, evident in the recent war when Russian banks were banned from SWITF, making international transfers and withdrawals more difficult than ever. Bitcoin is considered the perfect solution to this problem.
But I don't think the future of fiat will completely collapsed, fiat is the root for government control, representing the economy of the country. If fiat collapses then that government dies.
Why Bitcoin has become the hope of Russian's is because it is a decentralized currency and how we wish Bitcoin obey instructions from government, today Russian won't have fine Bitcoin as source of easiest way of transaction, why fiat currency is regulated by the government of any country, to the extent that country can never transact with their currency because of war order, but like before Bitcoin was not adopted fully by the Russian government, but now they are into bitcoin