The main reason for people's attraction to Bitcoin is its volatility. Some people buy at a low price and want to sell at a high price. Others wait for the price of Bitcoin to fall, then they buy at that low price, hold it, and when the price rises again, they will start buying again. If there were no volatility in Bitcoin, such an opportunity would not have arisen.
Due to Bitcoin volatility, excitement is created among ordinary people to learn about Bitcoin, and some are also encouraged to invest in Bitcoin. Due to which, not only ordinary investors but also institutional investors' interest in Bitcoin increases.
However, although volatility has several advantages, it can have a negative impact on those who are new to it. Because newcomers are not aware of volatility, they panic at a slight price drop and at some point they try to sell their Bitcoin. Moreover, if someone tries to stabilize their wealth, that will not be possible here either. The advantages outweigh the disadvantages.