Ki Young Ju, CEO of CryptoQuant, predicts that Bitcoin is likely to become a widely accepted “currency” by 2030, in line with the original vision of its pseudonymous creator, Satoshi Nakamoto.
Ju shared this view in an October 24 post on X (formerly Twitter).
‘Decreasing volatility’
Ju pointed out that Bitcoin mining problems have increased 378% over the past three years, driven by increased competition in the space. He explained that when Bitcoin first launched in 2009, individual miners could mine 50 Bitcoin with a simple PC.
Today, however, mining is dominated by large corporations backed by institutional investors, making it virtually impossible for individuals to compete. Remarkably, CryptoSlate Insights has predicted that Bitcoin mining problems could reach 100 trillion before the end of this year.
Ju noted that as more financial institutions become involved in crypto, Bitcoin is increasingly seen as a stable investment, which is reflected in the decreasing volatility of its key assets. He said this reduced volatility strengthens BTC’s potential as a functional currency.
Ju also highlighted the role of stablecoins in Bitcoin’s future as a currency. He pointed to companies like Stripe that are building infrastructure for stablecoin transactions, indicating the sector’s growing importance in the broader crypto ecosystem.
Bitcoin halving in 2028
Ju said that Bitcoin’s next halving in April 2028 would be crucial in BTC’s journey towards becoming a real currency.
He believes this event will lead to more serious discussions about Bitcoin’s viability as a currency. By then, the volatility of the top assets will likely have declined further and the ecosystem will have matured even further.
Ju concluded that the increasing adoption of crypto wallets and stablecoins will play a crucial 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, Ju said:
“Satoshi wanted Bitcoin to be ‘P2P Electronic Cash’, not digital gold. His vision can be realized by 2030 through the maturation of Bitcoin’s ecosystem and the reduction of its volatility.”