Bitcoin is maturing from a small stock to a growth stock then a value stock. But in comparison with other currencies, simply retaining its value is better than some fiat currency holdings and it is a wonderful hedge against it as long as it can hold its value. It could even go down but at a slower rate than nation currencies and still be useful as a hedge.

Some people are treating it as a stock currently expecting huge upsides, adoption will bring that but eventually it will calm down and if it just retains value over time it will beat out most fiat currencies.

There is obvious value to fiat currencies and inflation for fueling investment (I need to grow my shrinking dollars) but it is always nice to hedge in case.