Bitcoin is still very young and it need to grow before it can fulfill its destiny of becoming a form or medium of exchange in buying goods and services in any society. Today there are still few users in the world and mostly of the bitcoins were ate the hands of the big whales. As long as bitcoin is not distributed to the masses and it is not used in daily activities in life then bitcoin have not reached its full potential. Remember it is not about the bitcoins price but is about its purpose.
I agree - until there is more commercial utilization of Bitcoin, it will be primarily a speculative investment. We should all read the tea leaves though: investment firms are taking positions in Bitcoin after it crashed in January. They were/are long on Bitcoin at $9000/coin