losing my religion..

*My bearish mind:*

1) I expected BTC to act as a store of value similar to precious metals—primarily serving as a hedge against inflation of USD. However, BTC has not really behaved in this way. I expected BTC to rise when USD is increasingly becoming devalued but this isn’t the case. I would think BTC has had enough time to mature by now to act independently and serve its intended purpose.

2) I’ve heard that advancements in quantum computing may be capable of cracking BTC wallet addresses. I realize the odds are still absurd and that you can add a passphrase to some wallets which would make it nearly impossible even with quantum computing but I think that a lot of faith in the network (and value) would decline if even a few were cracked.

3) BTC is not really taking hold in ‘real world’ use. It’s not as pervasive as I was hoping it would be by now. It just seems like 90% of the supply is owned by 10% of owners—which is no different from USD.

Take the recent drop out of the picture—my main issue is that it hasn’t been surging against the declining USD. How is this diversification from USD? Are any of my above 3 concerns invalid?