Volatility becomes less and less of a factor, imo, because BTC's cap only goes up, and institutions stick to it like to honey.
I agree that it's truly something of a price for BTC to become more mainstream, and much faster than without these institutions.
Sure, but as long as you can get the 10% up and back down daily, and THIS price? And hey, with leverage, derivatives make even the 1% bumps either way nice for speculation.
Just like what @buwaytress stated, if one day the speculation within Bitcoin is proven to be unrealistic, then Bitcoin will eventually be forgotten.
Not really what I said, but well, yes, if Bitcoin eventually fails the test of time (within which speculation had to be present), then well, the experiment was a nice journey.