What does Bitcoin price have to do with the prosperity and well-being of mankind?
Having the ability to store
your money in
your wallet frees you from having to store money in a bank. You would not have to trust a third party. Peace of mind and well-being go hand in hand.
Bitcoin is not producing anything and neither does it facilitate smooth exchange of goods and services, directly or indirectly, as money is supposed to. So what's the purpose of Bitcoin other than speculation? More specifically, in what way is it going to add or contribute to the new type of economy you speak of? And man what type of economy is that really, a speculative one?
Volatility will subside with more investment. At that time it can be smoothly exchanges for goods or services.
Bitcoin has already disrupted the world economic system. Now, central banks and government authorities started to blame bitcoin because they're afraid of bitcoin's free structure.