I think the important part is to be stable, if the price of bitcoin became a bit more stable the new would be able to use it in a lot more places. I bet that 90%+ of the people who would use bitcoin as a payment, do not use it in their business because it is volatile, which means that they can't use it at the time but would use it if it became a bit more stable, for a while at least.
I agree with this. I feel Bitcoin cannot be adopted as we would like if it's not stable. People don't like uncertainties. The reason countries and people around the world decided to store their money in dollars instead of their own local currency is that it was relatively more stable than their local currency. The same will happen to Bitcoin if it was stable.
The volatile nature of Bitcoin makes it difficult for businesses to be used as a medium of payment.
I don't know when and how this would be resolved, but I strongly believe Bitcoin will be stable in the future.
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