Bitcoin has come a long way since its launch in 2009

with its price experiencing dramatic highs and lows. However, in 2024, the key question is whether Bitcoin still has room for substantial growth or if it has reached its peak.... I DONT KNOW... BUT certainly it might go to new ATH this year....
The short term volatility has nothing to do with bitcoin's long term potential of growth.
If you look back, nothing about that potential has changed. Bitcoin is still on the path to mass adoption and the adoption is still growing every year (increasing demand). The supply is still capped at 21 million max and the rate of creation of new coins is being decreased by 50% every 4 years (decreasing supply).
That means the potential is still there and it is still very huge.
But whether we are going to see a massive bull market like 2017 (eg. 20x rise) is a different matter because the world economy is in a terrible shape these days and is getting worse every day. That is bound to affect bitcoin market too.