The traditional market, as far as I know, is not as volatile as cryptocurrency. That's why the prices of cryptocurrencies and Bitcoin are always unpredictable when it comes to their live market movements.
That's why it's still better to invest in Bitcoin if the investor understands it himself, and I also think that many institutional investors have an interest in buying it because they understand what Bitcoin can bring back to their capital.
What about Warren Buffett's Hathaway Berkshire stocks that crashed 99% in a minute? Yes ok that's about a glitch but believe me there is a lot of volatility in regular markets too. Bitcoin of course globally and daily is more volatile, but all these markets have their own bubbles depending on timeframe.
Volatility usually makes it a bad investment in short term though, as much as I like Bitcoin. Remember even the biggest like Microstrategy almost got liquidated.
Hathaway Berkshire is just one incident, but before that there were many stocks that were as volatile as the cryptocurrency market. Especially during the recent economic crisis, many US bank stocks also fell 30%-40% in one day.
In my opinion, the financial market is unpredictable whether it is the traditional market or the cryptocurrency market. Because in addition to the market moving according to supply and demand, the market cannot avoid manipulation, or unexpected macro news...many factors impact the market, so predicting is never easy. That's why when it comes to investing in bitcoin, holding for the long term is always a better choice than trying to make money by trading short-term.
This is the stock chart of a bank in the US.
https://www.reuters.com/business/finance/new-york-community-bancorp-stock-tumbles-dividend-cut-surprise-loss-2024-01-31/