Volatility only exists because we still compare the price to fiat. And not with other products. When Bitcoin become more used around the world, the price will not jump like this. We are just seeing the speculation price because nobody has any idea what is the right price. But I do not think Bitcoin will ever be a universal currency that will dominate every market. But BTC could become a currency accepted everywhere as a second currency. It will be easy to tourist around the world using Bitcoin as a reference.