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.
Much of the price movement for bitcoins as well as most other cryptocurrency are driven more speculation rather than real life usuage, that is why it is affected easily by the media