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RE: What if the price of bitcoin will hit $250,000?
Bitcoin has been becoming important and would affect our lives directly. It's the truth no matter some people deny it. You can see the proof as more and more counties had announced bitcoin as a offical trading currency. And mining device manufacturers had produced professional mining equpiment, and the stock price and market has been affected
Bitcoin is already being used as an excellent store of value (like gold) by the crypto-economy, and I think that is what it will grow into going forward. Slow, expensive and secure. Used for high value transactions. Things like STEEM and BTS will be used as working tokens - fast, do neat things. But BTC will grow into the trillions in market cap as a sort of digital gold.
When the network is centralizing, governance is non-existent, the system is going towards environmental catastrophe, etc. it's quite absurd to see anybody saying that Bitcoin is good store of value.
When people realize that other currencies just are much better in everyday use, they will abandon Bitcoin. Most people do high value transactions very rarely. When they do, it will be much easier to use some other currency which is faster and simpler.
Bitcoin was great invention when it came. But we should be able to admit that it's not perfect and start using better alternatives before anything bad happens.