This is a straw man. Been thinking about the market price system and speculation as a market good lately. When we in bitcoin say bitcoin is a safe-haven it is not the market price that is being referred to. Its the fact that the supply is capped at 21 million. The market price is simply a snapshot in time of what the market thinks about bitcoin. Most of the world doesn't even understand the basics of bitcoin. Its like a new element that the world doesn't yet understand but has massive utility for mankind. Any responsible bitcoiner will tell a no-coiner to be humble and don't expect to SELL your bitcoin for fiat.

There are plenty of people that DO think about bitcoin in fiat terms alone. They just wanna make more fiat. Unlike myself, their goal is not less fiat more bitcoin. This isn't a popular opinion in some bitcoin circles but in order for bitcoin to meet its potential for humanity a critical mass of humanity needs to understand its value. That isn't gonna happen over-night. I don't think bitcoin's volatile purchasing power will stabilize in the near future. Its gonna take a long time.

The other "safe-haven" aspect is that I alone have the keys to my money. I don't need a third party. No government can yoink my money out of my "bank". Bitcoin is not dependent on elections or nation states. IMO its the safest asset ever invented.