At some point, people will get used to the idea of Bitcoin being an asset and the extreme dips will be reduced and multiple services will be based on it. My guess is that that will happen when a generation of users is alive that has not lived in a world without Bitcoin. Maybe 10 to 30 yrs from now.
I will even go as far as saying that some people will use it as an asset in their retirement fund.
Bitcoin has zero value, only if no one believes in it but as long as there's a community that believes in it and it's willing to trade it then it has the value the community gives it. As it stands now, over $60k per coin.
Many people "believe" in the dollar, but really, most have no understanding of why it has the particular value it does.
As if there aren't enough ways for eldery people to be driven homeless by losing their pension funds already?
