Bitcoin is still seen and used as widely as a speculative asset most people are buying it because they think
it's going to appreciate in the future
You are correct, and for whatever reason someone decides to have bitcoins, it is not a decision that they will regret in the coming future.
Although the original function of the futures is not this;
a lot of people, especially day traders who use tools or use what's happening on futures markets to determine the sentiment of where the price is going to go everyone wants to have a crystal ball of what the future price of anything is going to be
People have found extensive uses in using to determine the price of bitcoin. But in comparison to other methods of predicting the market like Technical analysis, Fundamental analysis and Sentimental analysis, the use of the activities on the future market cannot really compare to me.