No, I do not think we can observe a period of volatility as intense as that observed throughout 2017. I think that year was rather atypical for the market and we should not assume that a healthy market implies that the price of bitcoin multiplies x10 every year.

I think that, in fact, at this moment we are going through better times in the bitcoin ecosystem than when the price was at $20,000. Fast and cheap transactions, better regulation and acceptance of bitcoin worldwide and a growing popularity of cryptocurrencies are better indicators of this progress than its current price or its marketcap.