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.
Currently the use of Bitcoin in real life is very low, this is due to the limitations of people in accepting Bitcoin as a means of payment. but this will peak high in a short time because users have started using it directly without changing to traditional fiat.
And I don't think it's a problem if bitcoin confirmation is slow or something. When you send bitcoin, you cannot actually return the payment so the buyer is sure that he will get the money.