Totally.
Long term no issue.
Short term, fiat value price fluctuation is driven by the paper substitutes of Bitcoin as you say.
At some stage, the tipping point will be reached and the paper bitcoiners won’t be able to manipulate even the fiat value of BTC and certainly not the value of Bitcoin itself over time.
#Softwar is real!
(Have you read the Softwar book by Major Jason Lowery?)