Yeah, it's a bit ironic that people buy cryptos to "hodl" them instead of using them. Their main use as of now is speculation. They're a financial asset class, no longer a technology. Bitcoin has turned into a "store of value", perpection has changed and it's no longer used for what was intended to be used.
Very interesting times for sure. There will surely be some winners among alt coins who will find real word use case, and become adopted, as of now they're just a speculation vehicles with nothing else to offer except day trading exchange pairs.