I'm curious to see if someday BTC can go about normal without having multi thousand dollar swings within hours. Lets say it settles around 20K. Will it ever act like the DOW or any other big stock that only does +/- 1% a day?
It might one day, but it won't until the market reaches maturity, so when most people who want Bitcoin in the world have it, and continued increases only happen because of population growth, that's when growth will slowdown to stock market type levels. $20k isn't a spec compared to that price. This will only happen when the price gets to at least several hundred thousand dollars. Why would growth suddenly stop at $20k? We almost hit that yesterday on a 20+% daily increase. User adoption of Bitcoin I would guess is around 30 million or so right now. You need to wait until its in the billions of users to see +/- 1% a day. I would say likely it will be over $500k for that to happen.