Let's be realistic here. It's definitely possible for bitcoin to be a widely used payment method; it's just not guaranteed. Don't get me wrong, I'm extremely bullish on bitcoin for a lot of reasons, but who knows? It might just be a different cryptocurrency that could have a better tech.
In terms of volatility though, it's to be expected as bitcoin is decentralized. It will definitely take time to stabilize in price, probably after all the regulation fiasco. For now, we can just hope.