Valid point. I wouldn't say large swings is necessarily an indication of failure though. It is expected for Bitcoin to swing wildly because in contrast to gold, it's very accessible and in this age information is quick and erratic.
> it's very accessible and in this age information is quick and erratic.
That seems like an untrue statement. Assets like gold are very easy to buy, depending on where you live (and laws against bitcoin) probably much easier than bitcoin which has weird laws restricting it.
That may have been true in the past but not likely to be the case going forward.
Stable is in the eye of the beholder; over the coming years, much of the $10 trillion dollars of the gold market will flow to bitcoin.
Just in general, Bitcoin is kicking gold’s ass:
$1 Invested in Bitcoin vs Gold over 11.4 years