Ki Young Ju, CEO of CryptoQuant, predicts that Bitcoin will transform into a widely accepted currency by 2030, aligning with the original vision of its creator, Satoshi Nakamoto. He shared his insights on October 24 in a post on X (formerly Twitter).
Mining Difficulty on the Rise
Ju highlighted a notable increase in Bitcoin’s mining difficulty, which has surged by 378% over the last three years due to rising competition. When Bitcoin first launched, miners could mine 50 BTC using a basic PC. Now, however, large corporations backed by institutional investors dominate the industry. According to CryptoSlate Insights, Bitcoin’s mining difficulty could hit 100 trillion by the end of this year.
Financial Institutions and Decreasing Volatility
As financial institutions enter the crypto space, Bitcoin is gaining recognition as a stable investment. Ju emphasized that declining volatility strengthens its potential to function as a currency. This reduction in price swings is essential for BTC to serve as a reliable medium of exchange.
The Importance of Stablecoins
Ju also discussed the crucial role stablecoins play in Bitcoin’s future. He mentioned companies like Stripe, which are building infrastructure for stablecoin transactions. This indicates the growing relevance of stablecoins in the broader crypto ecosystem.
Impact of the 2028 Bitcoin Halving
The upcoming Bitcoin halving in April 2028, according to Ju, will be critical in Bitcoin’s journey towards becoming a true currency. He believes this event will lead to more serious discussions about Bitcoin’s feasibility as a currency. By then, volatility will likely have decreased, and its ecosystem will have matured further.
Increasing Adoption of Crypto Wallets
Ju concluded that the adoption of crypto wallets and stablecoins will play a key role in positioning Bitcoin as a currency. As these technologies become more mainstream, Bitcoin’s role as a stable medium of exchange will appear inevitable.
In his closing remarks, Ju reaffirmed Satoshi Nakamoto’s vision, stating, “Satoshi aimed for Bitcoin to be ‘P2P Electronic Cash,’ not digital gold. His vision may be realized by 2030 through the maturation of Bitcoin’s ecosystem and reduced volatility.”
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