Bubbles pop. And while markets may recover, bubbles certainly do not re-inflate themselves again and again. If Bitcoin is a bubble, it’s a magic bubble. Something that exists in an entirely new category unlike any other bubble we’ve ever seen before.
The argument that Bitcoin is too volatile is a tired argument. Do yourself a favour and take a step back. Bitcoin, a world first that was invented just over a decade ago, is being priced in a currency with more than a century of governance behind it. Which one of those two would you expect to be more volatile?