[Retric]

With 20+$ transaction fees nobody is using Bitcoin for day to day expenses.

On net people are also caught through the Banking system, so you need to look at the ratio of net good : net bad. In that context it's hard to see any real value in Bitcoin as it exists today.

[maehwasu]

Shockingly, it turns out that there are people in Venezuela and Zimbabwe who have demand for unconfiscatable/uninflatable stores of money beyond daily transactions.

[Retric]

It costs more than 40$ to store then retrieve value. That's unfavorable for the vast majority of people in those countries and not cost effective for those with means.