When you listen to a critic of Bitcoin, they usually wrongfully conclude that Bitcoin is in direct competition with; payment apps and banks.
What we're witnessing is that if Bitcoin should be put alongside competitors it would be up against; institutional trust, inflationary policy, and even centralized control.
That's why debates around Bitcoin are becoming more and more emotional, not just technological debates, they are debates about who should control economic reality!
When financial power is in the hands of an individual or group, they will make policies in their own interests. An example of this is the fiat system. No matter which government is in power in a country, they make financial policies in their own interests. In times of financial crisis, they print excess fiat, which results in inflation.
There is no room for applying wrong policies in relation to Bitcoin because the financial system of this asset is independent and decentralized.
I think Bitcoin is not competing with any financial system. It is simply applying its own policies as a result of the holding strategies of individual holders. Instead of making a bad decision out of panic, save Bitcoin. This will be your best and most strategic financial policy.
It is never possible to bring equality to protect the interests of the common people by depending on the government or any central controller. In an economic crisis, the government will try to avoid its responsibility by printing money at any time and that is why it will have a negative impact on the common people. People will never be able to save themselves from inflation, the value of their money will decrease.
In this situation, only Bitcoin can ensure the security of Individual's money. It can protect them from inflation. Bitcoin is designed in such a way that even if someone wants, he cannot change the basic principles of Bitcoin. That is why people can trust it. Bitcoin is not against fiat currency, it is not competing with fiat currency. It is creating an alternative system where there will be no single regulator.
Holding Bitcoin for the long term also has the potential for big returns, but not just for profit, but because Bitcoin is a freedom for all, everyone will hold Bitcoin for its financial security as well as to maintain the value of the asset.