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Am I severely limiting myself by pick playing?

In one sense you are limiting yourself--but many decisions you make do limit yourself--because you can't do everything.
So it becomes how do you limit yourself.

So don't limit yourself if you can help it--some limiting we do as musicians is needless--and holds us back
But sometimes it is needed

So whether or not you can get by on just playing with a pick depends on what you want to do with bass...
Will it matter?
Which may be the actual question you are asking--and has been amply answered.
 
No, is the short answer.

You ought to learn finger style as well though.

I originally started out as pick player exclusively coming from guitar.

After some time mostly spend on classical acoustic guitar though, I suddenly found that I had an easier time finger picking and used it exclusively, even on electric guitar.

Now however I've gone back to mainly using pick on my bass.

Just gives me that distinctive pick tone, more attack and punch that I really like.

You'll find that something will be easier doing with pick and something will be easier doing with your fingers.

Fast and complicated shift between strings are definitely a lot easier using your fingers while fast strumming on single strings as well as getting a clean sound out of chords is much easier with a pick.