I used to believe that with widespread adoption, bitcoin's price would eventually stabilize ( especially when compared exclusively to fiat currencies). But after considering the role of altcoins, I’ve come to a new understanding - bitcoin may never truly stabilize. Altcoins will continue to influence and drive bitcoin’s price movements. Even in a world of complete bitcoin adoption, the presence of altcoins will sustain its volatility and that volatility is what makes Bitcoin a continually worthy investment. So the wise move remains: buy, hold and only sell in the future....
That’s a really good point.. altcoins definitely add another layer of unpredictability to Bitcoin’s price, and as long as the crypto market keeps evolving, some level of volatility is probably here to stay.