In my opinion, Bitcoin will continue to rise, certainly if capital controls continue to increase alongside the attack on cash. However, at some point, perhaps after an even greater hype than present (especially if the SEC rulings are favourable towards ETF investment,) there is a strong possibility of a big fall in value. The reason for that, alongside what you've already mentioned (cost, scalability, accessibility, efficiency,) is centralisation and the likely reaction from governments. Bitcoin is either good for governments because it can be controlled, or bad because it can't....either is potentially very bad for Bitcoin if it reaches new highs. If even an experimental crypto coin that has massive flaws can reach these values, it rather points out how horrifically worthless paper or digital FIAT is.
all great points. still wondering what happens if price continues to go up without a scaling solution though, it would only increase volume and transactions fees, velocity could go further up and the process could repeat.
Mining rewards will be profitable again, lower fees, more miners, difficulty level rises, less profitable, higher fees, less miners...