I'm not an expert on the matter, but from the way i see it a volatile and unstable market like what we've seen this past month with bitcoin, is not good for any currency that aims to have real world usage.

No platform in it's right mind is gonna accept bitcoin payments, when bitcoin can pump or dump 20% in 2 hours. That's just insane.

If bitcoin isn't a stable and acceptable currency by most platforms than it's just a speculative bubble, and as any bubble you can make LOTS of money in a short timespan, but you can also lose a lot.

For small time holders and investors this is one shitty position to be in, for trader whales this is heaven.

Bitcoin will not die out and the crypto market is gonna grow for sure, but if bitcoin doesn't stabilize bad things are gonna happen to it and it's gonna cause mayhem on the crypto markets.