Bitcoin is too resilient to perish though there are fluctuations in the prices on the market. Market will soon stabilize in no time.Do you believe that?
I do not believe that bitcoin will be stable in the future. I'm even worried that it will go down this year. The market can recover in the next year, or never.
Bitcoin can NEVER be stable if by stable you mean compared to the big fiat currencies of the world, for simple reasons that include it not being used in the world economy widely and constantly.
We need to grow to massive levels, we need Bitcoin to be $1,000,000+ each to find some sort of natural balance, but still, the price swings will be wild just like in the Berkshire Hattaway class A. There are moves of $10,000 up and down in there but overtime the % of volatility went down.
That is a reserve asset. If somehow all governments start adopting Bitcoin as actual currency too and not as settlement asset like gold, then it may get stable, but we cannot control Bitcoin's price with inflation injecting more supply on it to tame it so it's just not going to be possible against fiat currencies. We need to live in a world in which 1BTC=1BTC for that.