It is captivating for us all to witness the evolution of a DDC (decentralized digital currency) that has the ability and potential to change the financial world forever but there is a question that needs to be tabled properly for the purpose of awareness and well preparedness for the future and that is "is it possible for BTC to be accepted and adopted as a dominant currency in the nearest future".
The possibilities are there but let it be known that even though it doesn't happen, that doesn't mean Bitcoin has failed because it was never the intention of Satoshi for Bitcoin to become a dominant currency. It was launched as an alternative to fiats and Bitcoin been adopted globally and been used for payment will achieved that goal. Bitcoin is still very young so we shouldn't be expecting it to achieve the dominant currency status any time soon. It'll take decades for that to happen but Bitcoin been recognize globally as a currency is imminent.
But then how can we ignore that bitcoins journey towards being dominant means of transactions Is faced with challenges such as concern on price volatility.
As Bitcoin gains more popularity and adoption, the volatility of the price will be reduced. It won't be completely stable but it won't be as volatile as it is currently. Also no currency is stable when they're trading against each other which is something we do when we buy or sell Bitcoin. 1 BTC will always be 1 BTC just as 1 $USD is 1 $USD. Currently Bitcoin value is been represented in fiats that's why we're seeing volatility in the price but when we start to value things in stats (Satoshi) there won't be volatility again. Instead of buying something for $10 worth of Bitcoin, we'll now be buying things in mbtc, stats or BTC without fiat value attachment.