Hi all, I like to think of BTC this way, and how I explained it to my 80 yr old mom.
"Bitcoin is kind of like digital gold if all the gold was already mined and there was only a set amount of gold that would ever exist."
I think this explanation is simple and to the point.
Yes, I understand that BTC is still being mined, but bitcoin will max out at 21 million bitcoin.
Now, its still to early to say if the world will think BTC is worth using or keeping for some "store of value" reason. One can limit anything to 21 million but that doesn't mean anyone will think BTC is worth anything.