Bitcoin is being used increasingly by people living in countries where the monetary policy is inflationary due to over-printing of the currency. People in Venezuela for example can get their pay one day and may not be able to buy a loaf of bread the next day. A situation not unlike what what happening in pre-war Germany. There are a lot of countries with volatile currencies which is why I think the demand for crypto-currencies will keep growing for a while. There is a fixed limit of how many bitcoins can be generated, so this currency is anti-inflationary. Eventually, the offer of available block-chain currencies will exceed the demand, but this time has not arrived. The earlier block-chain currencies have more services built around them, giving them a narrow moat. Purchasing bitcoin, is a way to safeguard the purchasing power of a currency for a later day. In this fashion, it works like gold or diamonds but can be more easily be used to purchase items. The Blockchain tech isn't just a way to make online currencies. You can make smart contracts with it, and there are other applications.
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Good point, I had not thought of that. Those buyers would not even mind so much the decline maybe, since it is not as worse as the inflation of fiat in their country.