Yes even though volatile it is also a safe haven when the keys are stored properly and the seed protected. As long as people know how to properly use it its a tool for financial freedom and I believe will always give more power to the people

Yes, there are several specific or logical reasons behind the strong and popular popularity of Bitcoin, Bitcoin is decentralized due to which no specific person can completely control Bitcoin and the supply of Bitcoin is limited. Over time, the demand for Bitcoin among the common people increases, due to which the supply is limited, it becomes more valuable. Under the control of the government of fiat currency, the government can print new ones whenever it wants for the needs of the country, due to which inflation is created in the country, the more fiat currency the government prints, the less value it has in fiat, resulting in inflation. Whereas Bitcoin is completely decentralized and limited to a supply of 21 million.

You are right, the government will never be in favor of accepting Bitcoin as a global currency. Because the government does not want controlling and domination to decrease where people can freely conduct their economic activities without needing anyone permission. But the government cannot ignore this popularity and acceptance of Bitcoin. A few years ago when the impact of Bitcoin was less, the government could have presented Bitcoin wrongly among the people by giving false statements or spreading negative news. But this is no longer possible. Only for this reason, some countries are trying to bring Bitcoin use into a policy, where at least some controlling can be created in the use of people or the government can generate income from it by tax issues. I do not think this is bad. And this is why at some point, Bitcoin and fiat currency may be prevalent in parallel. Where people will take the volatility of Bitcoin's price very naturally. And when a product is directly transacted with the price of Bitcoin, then people's acceptance will increase further.

We humans fear what we don’t understand naturally. Since Bitcoin is decentralized and governments know they can’t control or shut down its network, the highest they can do is create regulations around it usage in their country. But that won’t still stop citizens from buying or selling it. That is how powerful bitcoin is.

Some governments claim to ban it because it is used for illegal activities in their countries, like money laundering, tax evasion etc. Even their banks and local currency is used for the same illegal activity too but they didn’t take that same action. But in reality we know their real fear.

Bitcoin structure is completely fixed while it price increase or decrease which is termed as volatility is a mere function of demand and supply. volatility is not just peculiar to bitcoin but it is also predominant in literally all the sectors of the economy and also finds application in other asset class.

When people see themselves as a part of a system, it is easy for them to stand by that system and that is the key strength of bitcoin. the people can relate with it as a decentralized finance that  gives them power to own their funds. with that understanding and relationship, even when other things does not align well at some point, the fact that bitcoin still solves a lot of financial problem for the people still encourages holders to remain invested in it. Once anything that is closest to bitcoin takes that bond away, the weakness of bitcoin will suddenly show.

You pointed out so many points as Bitcoin strength but one reason why people has come to love Bitcoin and so is trusting on it, which is the reason why Bitcoin to me has become so successful is simple Bitcoin has become so trustworthy. What I mean is that, Bitcoin promise about self custody which is the reason why it's a decentralised system. And this decentralisation is one factor that slot of persons has come to trust because, with Bitcoin you don't need to worry about government or even other financial institutions trying to monitor you or even the amount of money that you are sending. Which is what is uptanable in Fiat syste

Trust in this technology is the greatest strength if you ask me today. What we should know as Bitcoin enthusiastic is that Bitcoin was not designed to take over the world financial system or even try to competing with it. Bitcoin was designed to solving a unique problem that existed in the world financial system. And it has worked very well hence the trust that has come from he people.

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Bitcoin structure is completely fixed while it price increase or decrease which is termed as volatility is a mere function of demand and supply. volatility is not just peculiar to bitcoin but it is also predominant in literally all the sectors of the economy and also finds application in other asset class.

When people see themselves as a part of a system, it is easy for them to stand by that system and that is the key strength of bitcoin. the people can relate with it as a decentralized finance that  gives them power to own their funds. with that understanding and relationship, even when other things does not align well at some point, the fact that bitcoin still solves a lot of financial problem for the people still encourages holders to remain invested in it. Once anything that is closest to bitcoin takes that bond away, the weakness of bitcoin will suddenly show.

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I think one big reason people believe Bitcoin is that no single person or company controls it. the price can go up or down, but the rules of the network dont just change because someone wants them to. of course that doesnt mean the price will always increase. for me, the real question whether people will continue to find value in using and holding it over the years.

The price of Bitcoin been increasing can't be the strength of Bitcoin, neither the structure of bitcoin...You can proudly say that, the strength of Bitcoin is due to it's a decentralized network, government and any other sector doesn't have power over bitcoin...

Bitcoin is digital asset which deals with its own privacy..it works without a central authority, so it' independent of itself, so all this things you mentioned, especially the two points i quoted, are not the things that makes Bitcoin to have it's strength...

Bitcoin has been a global currency but it isn't a legal currency in each country. People around the world can send the Bitcoin to anyone. This means Bitcoin is actually a global currency already. Unfortunately, because of there are too many limitation of its use as a currency, people around the world prefer to keep Bitcoin as an asset.

Indeed, government and banks control the financial system. Sure, they mustn't let Bitcoin to replace it because they can't control Bitcoin. They no longer get some advantages in controlling the financial system if Bitcoin takes over the fiat system.

Some governments already allowed Bitcoin as a legal currency. They didn't really derail Bitcoin to function as a currency. I think Bitcoin can be a global currency without replacing the fiats. Why don't Bitcoin and fiat be global currency together? This sounds more reasonable.