CryptoQuant CEO Ki Young Ju predicts that Bitcoin will likely evolve into a widely accepted “currency” by 2030, consistent with the original vision of its pseudonymous creator Satoshi Nakamoto.
Ju shared this outlook in a post on X (formerly Twitter) on October 24th.
“Reduced volatility”
Ju pointed out that the difficulty of mining Bitcoin has increased by 378% in the past three years due to increased competition in this field. He explained that when Bitcoin first appeared in 2009, an individual miner could mine 50 Bitcoins with a simple PC.
However, mining is now dominated by large corporations backed by institutional investors, making it almost impossible for individuals to compete. especially, crypto slate Insights predicts that Bitcoin mining difficulty could reach 100 trillion by the end of this year.
Zhu noted that as more financial institutions get involved in cryptocurrencies, Bitcoin is increasingly seen as a stable investment, which is reflected in the decline in volatility of the top asset. He said this reduced volatility strengthens BTC's potential as a functional currency.
Ju also highlighted the role of stablecoins in the future of Bitcoin as a currency. He pointed to companies like Stripe that are building infrastructure for stablecoin transactions, suggesting the sector's growing importance in the broader cryptocurrency ecosystem.
Bitcoin halving in 2028
Zhu said the next Bitcoin halving event in April 2028 will be pivotal in BTC's journey to becoming a true currency.
He believes this event will spark a more serious discussion about Bitcoin's viability as a currency. By then, the volatility of top assets will likely have fallen further and its ecosystem will have become more mature.
Ju concluded that the increasing adoption of cryptocurrency wallets and stablecoins will play a pivotal role in positioning BTC as a currency. As these technologies become more mainstream, Bitcoin's role as a stable medium of exchange will become 'inevitable'.
In his final remarks, Mr. Chu said:
“Satoshi aimed to make Bitcoin a 'P2P electronic cash' rather than digital gold. His vision could become a reality by 2030 through the maturation of the Bitcoin ecosystem and the reduction of its volatility. ”
