At any time, the FED can pull the plug on what remains of the Bitcoin mania. Any programmer who thinks differently has had too much Jolt Cola. He needs to sober up.
The suggestion that Bitcoins are now, or ever will be, an alternative currency that will do an end run around the central banks is silly.
Wild volatility is fine when an investment is popular with programmers. But currencies are not volatile. They do not swing wildly in price. Penny stocks do. Currencies don't.