Agree that long term the value of Bitcoin will go up provided that there is no technical flaw that gets exploited in the long run (which I'm not sure will be th

Agree that long term the value of Bitcoin will go up provided that there is no technical flaw that gets exploited in the long run (which I'm not sure will be the case). However, these predictions are completely wrong. At best the drivers of Bitcoin growth in the foreseeable future will be illegal trade and people trying to capitalise on the growth in value by speculatively buying up Bitcoins. The growth of Bitcoins has a theoretical cap though, because the more common they become in illegal trade, the more likely they are to be outright banned by governments. If they can't ban people from buying drugs they will just stop them by proxy by banning Bitcoins. The idea that ordinary people will go through the hassle of transacting in Bitcoins is nonsensical.