But at the same time it also has monetary value.
Bitcoin gained its value due to the demand and supply. Bitcoin’s limited supply was used so that it can be protected against inflation. But because it is limited and the demand is high, the value goes up.
If you want proof that it's going in the right direction, look how many people in many under-developed nations are now using crypto to transact because they have no other way.
Bitcoin is very helpful in transactions between different countries because especially in underdeveloped countries, the fees of sending money to a different country is high. It’s also much more convenient and faster to send bitcoin from country to another.