In the global economy, one country is similarly tied to another country. There, a situation has arisen in developed countries like America. Which has affected the entire world. The American people have blamed the centrally controlled economic system and big banks. At that time, the banks used to give this money to various investment institutions and those institutions used to invest this money in risky businesses. Which they later failed to return. In view of this global situation, Satoshi Nakamoto published a white paper. And tried to convince the world about a digital currency called Bitcoin. He also gave the idea that it would run without third-party intervention.
Will bitcoin stop people from investing in risky businesses? We all no the answer is no, everything might be quite transparent but how loan are been spent can never be regulated. As an asset bitcoin isn't safe as a loan tool because of its volatility. Imagine taking a loan in bitcoin and when the time is due for payment you are expected to pay the exact equivalent of the said debt which could either be higher than what was taken or lower depending on the market flow at that point.
After that, many more crypto currencies came into the market. But it could not be as transparent and long-term as this currency. The influence of Bitcoin on other digital currencies is felt. Therefore, if the price of Bitcoin increases, the price of other crypto currencies also increases. On the other hand, if the price decreases, the price of other currencies also decreases.
Bitcoin is best for investments and reserves. Price fluctuations just makes the investment more fun and makes the currency view less considerable.