In reality, Bitcoin has failed to deliver on hardly any of its supposed goals/benefits, faces more competitors than ever, and lacks any intrinsic value to back up its worth.
Bitcoin being an untethered, unbacked, digital currency means it is traded as a purely speculative investment vehicle and changes based on sentiment alone rather than any fundamentals.
The truth is that Bitcoin’s claim to anonymity is fading by the day as agencies around the world learn to attribute transactions to individuals and continue to pour resources into their efforts to do so.
The regulatory environment for cryptocurrency is getting more uncertain as various countries make their bids to attract and also tax and control the industry.
The other problem I foresee for Bitcoin, and other cryptocurrencies, is that there are simply so many competitors out there with more usability.
And finally, it simply does not have a unique benefit in most use cases: there are plenty of other ways to conduct digital transactions that are often easier and more efficient.
Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.
Any personal financial decision should be made on the basis of your own research and consideration of your unique financial goals and investing ideals.