Ki Young Ju, the CEO of CryptoQuant, has made a bold prediction about the future of Bitcoin. According to Ju, Bitcoin has the potential to become a widely accepted currency by the year 2030, aligning with the original vision of its mysterious creator, Satoshi Nakamoto.
In a recent post on X (formerly Twitter) on October 24, Ju highlighted the evolving nature of Bitcoin. He pointed out that over the past three years, Bitcoin’s mining difficulty has increased by a staggering 378%. This surge in difficulty is largely due to the growing competition in the mining space. Ju explained that when Bitcoin first emerged in 2009, individual miners could easily mine 50 Bitcoin using a simple PC. However, the landscape has drastically changed, with large corporations backed by institutional investors now dominating the mining sector. As a result, it has become increasingly challenging for individual miners to compete. In fact, CryptoSlate Insights has projected that Bitcoin’s mining difficulty could reach 100 trillion by the end of this year.
Ju also highlighted the growing involvement of financial institutions in the crypto space, which has led to Bitcoin being viewed as a stable investment. This shift is reflected in the decreasing volatility of Bitcoin, which in turn strengthens its potential as a functional currency. Ju emphasized the role of stablecoins in Bitcoin’s future, citing companies like Stripe that are actively developing infrastructure for stablecoin transactions. This trend underscores the rising importance of stablecoins in the broader crypto ecosystem.
Looking ahead to the next Bitcoin halving event in April 2028, Ju believes that this milestone will prompt more serious discussions about Bitcoin’s suitability as a currency. By that time, Bitcoin’s volatility is expected to have further decreased, and its ecosystem will have matured significantly. Ju emphasized the crucial role of increasing adoption of crypto wallets and stablecoins in solidifying Bitcoin’s position as a currency. As these technologies become more mainstream, Bitcoin’s role as a stable medium of exchange will become inevitable.
In conclusion, Ju reiterated Satoshi Nakamoto’s original vision for Bitcoin as “P2P Electronic Cash” rather than digital gold. He expressed confidence that this vision could become a reality by 2030 through the continued maturation of Bitcoin’s ecosystem and the reduction of its volatility. With the evolution of the crypto space and the increasing acceptance of Bitcoin, the future looks promising for the world’s most famous cryptocurrency.