- Also, it has been known and traded for years but still has very high volatility. With this appearance, it scares new investors. Because everyone expected it to have a more balanced price performance.
If the price of BTC was somehow stable, do you think there would be more investors or traders? It is precisely this volatility that attracts people, because haven't you heard stories about people who became millionaires with a few hundred or thousand dollars invested?
And at the same time make merchants and other people who do not like will stay away from Bitcoin. If Bitcoin becomes stable, it is obvious speculators will go away but investors will stay. Company will take advantage of the stability of Bitcoin price and there is also a possibility of a merchant boom that will accept Bitcoin as a mode of payment. I believe there is always an opportunist in every kind of situation. Whether Bitcoin is highly volatile or stable, people will adopt it.
I think these three problems may not be solved and these three problems may prevent bitcoin from being a reserve currency.
You are living in a big illusion, because the world as it is today will never accept Bitcoin or anything like it as a world reserve currency - nor was Bitcoin intended to become one.
I agree Bitcoin is not intended or created to be a reserved currency, to support the statement it is stated in this article[1] that:
What is the purpose of bitcoin? Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.
[1]
https://www.newscientist.com/definition/bitcoin/#:~:text=What%20is%20the%20purpose%20of,used%20just%20like%20traditional%20currencies.