Don't you think price blast not correlate with its real life usage since its inception?
Its hoarded for speculative purpose but how many major cities in the world have even its ATM?
I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?
Who will accept it in store when confirmation time is so long.
In my own opinion, the bitcoins' real life usage is to enhance payment method and transactions with its good security and high transaction speed. And also, good thing is the low transaction costs and owner control of transactions in bitcoin. Hence, there has also been a shift in paradigm from payment method to investment method. And as you see, some investors see the use of bitcoin more as the coin for investments rather than using it for payment and for buying only.