I will never do that because I would not be using bitcoin anymore, instead I would be relying on some third party

Deja vu: The merchant is the party behind the gift card. It doesn't matter if you pay with bitcoin or not; you have to trust them you'll get the product you paid. It's not a
third party, but there's always trust.
Well in a slightly longer period of time this still happens. The rise from $30k to $60k for example, took only 3 months.
Didn't it do those within a week 8-9 years ago?