The volatility (persistent changes in the price of Bitcoin) has drawn a lot of attention, and will continue to. The consequences surely has it's merits and demerits; to various users. To the trader, and investor respectively. Do the merits outweigh the demerits? Would a less volatile nature draw more usage?
Bitcoin is a decentralized monetary protocol and money. Money has only three uses a medium of exchange, a store of value, and a unit of account. These are the only three uses of money, and Bitcoin can be used for all of them.However, many people do not understand Bitcoin and treat it as a speculative asset instead of a superior form of money suitable for long-term savings.
The advantage is that you can buy cheaply when many dumb investors are selling. It’s true that volatility scares many normies, but once they realize that Bitcoin only grows, and when it surpasses one million dollars, the volatility will decrease and more normies will start using Bitcoin.