The volatility in Bitcoin is an avenue for traders to earn money, this arrangement puts Bitcoin ahead of the Blockchain tech. thereby delaying global Blockchain adoption. Blockchain without Bitcoin, is it going to happen?
For now it's highly unlikely that blockchain adoption will happen without bitcoin.
Everything depends on bitcoin performance for now.
I see many people crying about altcoins and bitcoin price being attached, and saying that the reason for this is that bitcoin has more fiat pairs.
But I don't believe in this theory.
I think altcoins and bitcoin's price is attached, highly correlatated, because bitcoin is the most important cryptocurrency, and if it fails, the others will fail too.
Bitcoin also has the best developer team, best infrastructure, first mover...
So blockchain technology adoption, for now, depends on bitcoin success, in my opinion.