Trading and investment is also speculation, because Bitcoin is a speculative asset. The difference is only in time preferences.
And I wasn't talking about market adoption, I was talking about other use case adoption, like payments or store of value. Those other uses are so low that they don't have influence on the price.
I disagree to say Investment is Speculation. At a tip of meaning, investment, trading, speculation look to be similar because people do it with purpose to get profit but if we look deeper, under the tip, they are different.
Trading and Speculation are more similar than Investment and I would like to put Investment in a different category than Trading and Speculation. With Trading and Speculation, they focus more on short term profit and don't care too much about value creation of what they spend money in.
Like in stock market, people buy stocks to speculate its price will rise and give them profit but they are not investors, they are traders or speculators.
With investors, they invest in value of the company and plan to go with the company for a long term.