With the name of Allah Almighty and Assalam o Alaikum to my respected readers,
I want to say that Bitcoin is volatile due to its use-case and market cap.
The different sources have told that its market cap is 2.14 Trillion USD. Its circulating supply being 19812587BTC shows that it has great use-case.
Its price exceeding 100000USD says that Bitcoin is most valuable asset of today and it will be even more and stronger than today as it has surpassed the historic most valuable asset gold (Au) and all other present crypto assets also.
The large variety of its use-case, market cap and circulation all these three surpassing factors are clear indication of Bitcoin future progress as when such a mega asset moves it moves like a rail that becomes difficult to stop.
Best of luck
KINGs100