A man called Eugene Fama a key figure in modern finance, argued that btc was preordained to become worthless. His main concerns was Bitcoin's volatility. This man refuse to understand that the decentralized nature and Supreme security have made it an attractive hedge against inflation and economic instability
Bitcoins future is great
If Bitcoin is in a stable form like gold, then there will be no difference between Bitcoin and gold. Therefore, volatility is necessary in the Bitcoin market. If Bitcoin were to always grow, then everyone in the world would invest in Bitcoin at the same time. The world's biggest celebrities, institutions, entrepreneurs, and investors would always compete to invest in Bitcoin. There was no one who was against Bitcoin, which led to Bitcoin's monopoly. But due to the unstable market of Bitcoin, a group of people always stood against Bitcoin. The Bitcoin market is always competitive due to their anti-Bitcoin comments at different times.
Funny enough, volatility happens to be a defining characteristic of Bitcoin, although this volatility can be kinda intimidating for some people who do not really understand the actual concepts of bitcoin, it can also serve as a key factor in its appeal to several other investors who actually understands the Bitcoin market.
Volatility creates several opportunities for potential profitability, but that doesn’t mean that it doesn’t have its own risks as well.