It's true that at some point Bitcoin is going to have to deal with its energy issue. If it ever changes to something else then it will be hard for people to jus

It's true that at some point Bitcoin is going to have to deal with its energy issue. If it ever changes to something else then it will be hard for people to justify the $69,000 peak in any situation with out there being a direct utility. But you can't discount the "Network effect." That's where the real value comes in. Can Bitcoin survive long enough and be improved to see it become a holder of value for all the world? It's too early to tell. Ethereum's merge needs to demonstrate its security before we can come close to decide how it will affect Bitcoin's future price.