People from traditional finance say that we should not buy Bitcoin because "Bitcoin is too volatile". Now that Stocks are as volatile (if not more), the volatility argument does not work anymore

A common argument against Bitcoin is that "Bitcoin is too volatile". People from traditional finance --politicians, bankers, regulators, analysts, etc.-- like to recommend others to not buy or to sell their Bitcoin using the volatility argument, so that people do not "lose their hard-earned money". Volatility is also used as an argument for regulation. Popular figures in the finance world like to claim this and there are articles on this issue everyday. Two recent examples:

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https://preview.redd.it/nzuam50di79a1.png?837&format=png&auto=webp&s=58cfd1a5a1e8b8bb10e2474eea0da0967d9c007b

https://preview.redd.it/5d47kvddi79a1.png?849&format=png&auto=webp&s=007d7b88c6983fb8a7c80cd66199f83eb0e8832b

There's some truth to Bitcoin being volatile, of course. We are down ~78% since November 2021.

But over the past year, many stocks have been as volatile if not more volatile. This applies to small and large stocks. A few popular examples:

(1) Netflix, -77% from November 2021 to May 2022

Netflix

(2) Tesla, -74% from November 2021 to December 2022

Tesla

(3) Paypal, -79% from July 2021 to December 2022

Paypal

(4) Meta/Facebook, -77% from August 2021 to October 2022

Meta/Facebook

(5) Bed, Bath, & Beyond, -96% from January 2021 to December 2022

Bed, Bath, & Beyond

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Obviously the stock market has the same "problem" of volatility. These traditional finance people should then either:

1. Stop telling people not to buy or to sell their Bitcoin with volatility as an argument
2. Start telling people not to buy or to sell their stocks to protect the consumer
3. ....?