I do not know why so many people see any value in this token. My impression is that currently it is mainly used for gambling — pure speculation. Minority of people might use it for payments. For the last eight years I haven’t met a single person who uses Bitcoin to pay for goods or services. All the people I’ve met so far use it for speculation only. Where are the others? They must be in minority. When majority of people buy tokens just in hope to get richer in the future and they do not consider to use it any other way it shows that such token has no value at all. Just big pot that grows and shrinks based on hypes and fears and nothing else.
How many average people know how to protect their Bitcoins? Bitcoins wallets held by average non-tech people are as safe in their hands like traditional cash in their pockets. If it is lost or stolen then it’s gone very likely forever.