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RE: Bitcoin will likely take 1 of 3 paths
Yes, at some point Bitcoin will stop going up in value, or will increase at a much slower pace. But by then (as you said it could take many years) another crypto (or even something else entirely) that is better suited and designed as a currency will have taken over that position, so Bitcoin will either remain a store of value or collapse.
Bitcoin apart from being a currency does not have much value added to it. Every crypt in future will be rising based on demand, and adoption. And demand ultimately drives adoption. However, apart from that one of the key that drives both demand and adoption is value like steem.
So I think, in future as you said, these newer crypt which have some value behind will rise, its only a matter of they being traded directly instead of in terms of BTC.