Ki Young Ju, the CEO of CryptoQuant, has expressed an optimistic view on the future of Bitcoin, predicting that it may become a common currency by the year 2030. This perspective aligns with the original vision laid out by Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
Ju shared these insights in a post on X (formerly known as Twitter) on October 24.
Understanding the ‘Declining Volatility’
According to Ju, Bitcoin’s mining difficulty has increased by an astonishing 378% in the last three years due to mounting competition. Initially, when Bitcoin was introduced in 2009, individual miners were able to mine up to 50 Bitcoin using standard PCs. Today, this process is overwhelmingly controlled by large firms backed by institutional capital, making it nearly impossible for individual miners to compete.
In fact, CryptoSlate Insights projects that Bitcoin’s mining difficulty could reach an astounding 100 trillion by this year-end.
Ju emphasizes that as more financial institutions engage with cryptocurrency, Bitcoin is starting to be regarded as a stable investment. This shift is evident in the decreasing volatility of Bitcoin, which enhances its feasibility as a functional currency.
Moreover, Ju highlighted the significance of stablecoins in Bitcoin’s prospective evolution as a currency. He pointed to organizations like Stripe that are developing stablecoin transaction frameworks, which underscores the increasing relevance of this category within the broader cryptocurrency landscape.
Looking Ahead to the 2028 Bitcoin Halving
Ju posits that the upcoming Bitcoin halving event scheduled for April 2028 will be a pivotal moment for Bitcoin’s transition into a legitimate currency. He believes that this event will spark deeper conversations about Bitcoin’s role as a currency.
By 2028, Ju predicts that Bitcoin’s volatility will likely have diminished further, and the cryptocurrency ecosystem will be better established. He asserts that the widespread adoption of crypto wallets and stablecoins will be critical in cementing Bitcoin’s position as a currency. As these technologies gain more traction, the prospect of Bitcoin serving as a stable exchange medium will become increasingly inevitable.
In closing, Ju remarked:
“Satoshi aimed for Bitcoin to be ‘P2P Electronic Cash,’ not merely digital gold. His vision may come to fruition by 2030 with the maturation of Bitcoin’s ecosystem and the reduction of its volatility.”
