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.
Bitcoin's volatility is natural due to its volatility bitcoin cannot be controlled by a single person or institution for long periods of time. Price fluctuations are a natural process that distributes power among market participants also if bitcoin were as stable as gold its unique characteristics would be somewhat diluted. Gold's long term stability has established it as a valuable asset in the case of bitcoin volatility creates both risk and the opportunity to make quick profits. If it were stable it might seem less attractive to investors especially those who expect high returns.