I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion?
The instability of the price of bitcoin is where the money is, the unstable price of bitcoin is one of the many reasons why so many people love bitcoin and would like to invest in it.
If the price of bitcoin was made to be stable just like fiat is, I doubt that bitcoin would have become as big as it is today, the ability for bitcoin to sharply rise and fall is the one of the features that have attracted alot of investors into investing in bitcoin and cryptocurrencies at large.
So, if you as me, I did say that, the instability in the price of bitcoin is more of a blessing, it has been responsible for the fast growth of bitcoin and cryptocurrencies, so many seeing how fast the price of bitcoin could grow after a fall, decided to invest in it, as a way for them to try and make some quick profit, and today bitcoin has become one of the most popular asset.