Indeed btc is now perceived as a store of value exactly like gold but in digital format. Its technology is too outdated to serve as a payment or disbursement mechanism so has no intrinsic real time applications.

However gold is scarce enough as a commodity and employed mainly in jewelry so people won't stop buying it, same goes for btc, it's a very scarce digital asset and now it's too hard for most to even buy one full btc coin.

I think both btc and gold are here to stay and nothing can change that fact.

But from an investment perspective I still believe selective handpicked alts such as ETH, ADA, XRP and VET are the way to go in terms of real life applications, use cases, ROI performance and sustainability.