Genuine Question From a Bitcoin Skeptic

I am a bit skeptical naturally and currently do not own any Bitcoin, but I am trying to understand the strongest version of the pro-Bitcoin argument rather than a strawman.

Here are a few of my questions:

1. Is the idea still that Bitcoin will become a currency to compete with dollars, euros, and other fiat currency? Or is the idea that your Bitcoin will be later sold for more fiat than you purchased it for? I'm still trying to understand the exit strategy.

2. If Bitcoin is to become money, how will it overcome the volatility that we see presently? How will the project turn the corner and show more short-term price stability to be used as an everyday medium of exchange?

3. At this point, there seems to be a recognition vs adoption gap. Bitcoin is globally recognized and it is very easy to purchase with more major financial institutions offering exposure. Is there a worry that demand has plateaued, or will plateau in the future causing a plateauing price?

Thank you for your patience and I am sorry if these are very frequently asked questions.