Satoshi was against the speculation that is happening now. That was not his aim at all. He never mentioned it too.
BTC was invented to make international transfers cheaper and they were going to create magical things with the blockchain technology. Final it ended up in a casino with millions of gamblers and uses massive amounts of e,nergy for nothing. China kicked the miners out because of the damage they caused to the supply of energy.
All the people that defend BTC are just gamblers trying to make money from the manipulated up and downs. Take away the gambling profits and there will be nothing left for BTC.
– Satoshi Nakamoto (April 2009)
“The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling.”
99% of all transaction are just speculative, trying to make money from the ups and downs. I see no inetrnet purchases worldwide.
"Stability
Businesses, especially the biggest enterprises, require stability before they will operate on a technology platform."
There is no stability at all. So failed.