I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
Bitcoin is money that is still its main use, now you may wonder if that is the case then why trading and speculating with bitcoin are their main uses, because that is true for fiat currencies around the world, if there was only one currency then you could not trade in this way but since that is not the case then people exchange their currencies trying to get advantage over the other, it is true that the adoption we have been looking has been kind of slow but it is increasing and this was more evident during this year in which there was an explosion on adoption, so calm down and just give bitcoin time to work its magic.