I do agree with you, currently with the availability of much better options for transactions intrinsic value of Bitcoin has diminished. Though it can be improved with soft-forks if all the community agrees.
Do check out my analysis on whether Bitcoin, cryptocurrencies and blockchain are a bubble or disruption.
https://steemit.com/bitcoin/@kbad10/bubble-or-disruption
RE: What Happens When Bitcoin’s Bubble Bursts? (Part 1)
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What Happens When Bitcoin’s Bubble Bursts? (Part 1)