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.
There are many uses of bitcoin and it does not matter if the bitcoin confirmation is slow or what. Because when you send a bitcoin, people cannot actually refund the payment so the buyer is really sure that he or she will get the money in an exact amount.
Hence, peopke can negotiate a fee and ask the buyer to pay half and you will pay half of the confirmation which will be faster. And also, many other uses and importance of bitcoins are being offered.