Bitcoin or bitcon?

Since the creation of bitcoin it has gone up over 100,000%. Is this because bitcoin is a store of value in times of financial turmoil? Is this a speculative bubble?

I agree with most bitcoin enthusiasts when they say bitcoin is an escape from the bankers rigged game, but is it a store of value? The answer is a definitive No! While yes it may take you through the financial holucaust to come, it is not a store of value. The basis of bitcoins value is technology. Just like record we're taking over by a-tracks, and they were taken over by tapes and then they were taking over by cds and today we hardly even download an MP3 because everything is streamed.

I am not making an argument that bitcoin will be gone tomorrow, but that it is in a speculative bubble because some look it as a long term store of value instead of being a way to move currency outside of the banking system.