Having said that, Bitcoin may be volatile in nature but there's no asset in the world that's stable in price and this is the reason speculation can never be separated from every asset market.
To be fair bitcoin is not an asset and was never meant to be an asset. It is a currency that needs to become money hence this much volatility is not good for it at all. The only hope we have is for bitcoin to slowly decrease its volatility and big unpredictable swings, and since so far we have seen that we remain hopeful.
You have a point because the goal of Satoshi was to create an alternative currency that's governed by the Feds, central banks, or institutional banking but the potential, benefit, and opportunity presented by Bitcoin make people use it as an asset. Since this had happened we can literally call BTC an asset.
Having said that, In this current market, I don't see the volatility increase unless more country legal it as legal tender or the total 21 million coins is mine.
Even at that time period the community is strong. Think of the present situation. The number of users and the market available have increased drastically. To destroy bitcoin is not gonna happen. The market being volatile is the best part and no asset have got high volatility as cryptocurrencies. It is high risk asset than the stocks and other forms of investment. The market by development is speculative.
Bitcoin volatility may be a great advantage but it's also a great disadvantage. A lot of people are hoping the volatility can be reduced and I don't see it happening if the 4 cycles remain and there is no much support from the government.