CoinNess reported:
Ki Young-Ju, CEO of CryptoQuant, predicts that by 2030, Bitcoin will be used as currency. He believes that this will happen as the volatility of Bitcoin decreases and the ecosystem matures.
Ki Young-Ju emphasizes that Bitcoin mining has become more competitive. In the past three years, mining difficulty has increased by 378%. In 2009, a personal computer could mine 50 Bitcoins. Today, due to high entry barriers, large companies with institutional support dominate the mining industry, pushing smaller miners out of the market.
Institutional investment may reduce volatility. Ju points out that as institutional investors enter the Bitcoin market, price volatility may decrease, helping it transition from an investment tool to a medium of exchange. When the next halving occurs in 2028, the discussion about Bitcoin as a currency may increase. Ju believes that this will be the start of a debate about using Bitcoin as a low-volatility currency.
The adoption of stablecoins may play a key role in this transition. Companies like Stripe are shifting towards stablecoin infrastructure. With the growth of stablecoins, they will increase familiarity with blockchain wallets, bringing Bitcoin closer to its original vision as “peer-to-peer electronic cash.”
Ju emphasizes that the decrease in Bitcoin’s volatility will make it more suitable for daily use. As its ecosystem further develops, Bitcoin may become more stable and widely accepted as a currency. This includes improvements to protocols, second-layer networks, or wrapped Bitcoin. These advancements may reduce the use of Bitcoin in everyday transactions.
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The CEO’s prediction aligns with Bitcoin’s long-term goal. Satoshi Nakamoto originally envisioned Bitcoin as digital cash rather than a store of value. Ju’s prediction suggests that by 2030, with the increasing prevalence of Bitcoin as a currency and growing support from institutional participants and the public, this vision is likely to be realized.
