I don't care if it goes to 50. Bitcoin is mathematically headed towards success in the long run.
"Mathmatically headed towards success." I will memorize this statement, so I can drop it here and there..
Do we even know to what extent Bitcoin is traded for speculative purposes? Is daytrading a major factor at all?
I would not bet on it. Consider that there is a large amount of capital flowing through Bitcoin money transmitters and adoption is on the rise.
ya.ya.yo!
what about the dark web black markets? thats a massive community involving billions of dollars in transactions every year, they buy coins and spend them for goods or services. they're not speculators, maybe a few of the merchants are but certainly not all of them or there wouldn't be people who sell fiat on those markets.