Bitcoin is not a stable asset but volatile and that's what is keeping investors and traders in the market. The volatile nature of bitcoin is why we are seeing the price where it is today. Assuming bitcoin price is stable, it's no longer going to bring in new investors to adopt it. Bitcoin has adopted globally, but the percentage of people into bitcoin is like 2% compared to the world population.
The price of BTC is not stable indeed, but it is the safest and stablest option among others.
That's the gist of it
