Personally, I don't see Bitcoin replacing nationalized currencies like the USD as a store of value. I just see it as a great way to send and receive payments online. Kind of like PayPal, but decentralized.
For that use-case, it doesn't even matter if the value of BTC continues to fluctuate a lot over the course of weeks, since people only have to hold onto BTC long enough to trade with it, and then they can exchange back into more stable currencies, if they wish.
Sure, there are the Randian/libertarian fanboys, but whatever. They don't have any real control over Bitcoin anyway, and they're not too hard to ignore.
For that use-case, it doesn't even matter if the value of BTC continues to fluctuate a lot over the course of weeks, since people only have to hold onto BTC long enough to trade with it, and then they can exchange back into more stable currencies, if they wish.
Sure, there are the Randian/libertarian fanboys, but whatever. They don't have any real control over Bitcoin anyway, and they're not too hard to ignore.