Bitcoin has passed a milestone after hitting a new record over the last weekend. Cryptocurrency is drawing everyone's attention with this which has hit $11,800 mark on last Sunday. Even though it is likely to fluctuate, more & more people are looking forward to invest on it.
Hard to speculate about future. We all can see that bitcoin right now is not exactly the best payment option or a currency.
BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders.
Bitcoin is not doomed yet, there is still time to fix scaling problem and reach total dominance over altcoins.
But if the scaling war will continue for extended period of time, it is possible that ETH, LTC or DASH will take over BTC dominance.