By 2030, the first cryptocurrency is likely to be used as global money, aligning with the vision of its creator, Satoshi Nakamoto. This forecast was presented by Ki Young Ju, founder and CEO of CryptoQuant.
#Bitcoin will likely be used as a “currency” around 2030.
Bitcoin’s mining difficulty, which reflects the intensity of competition, has consistently hit all-time highs, increasing by 378% over the past three years.
While 50 BTC could be mined with a single PC in 2009, it has… pic.twitter.com/lY8pRreZCl
— Ki Young Ju (@ki_young_ju) October 24, 2024
Supporting his position, the expert pointed to the rise in mining difficulty—up 378% over the past three years. This leads to higher entry barriers for Bitcoin mining and the dominance of large institutional players in the industry.
This trend, in turn, reduces the volatility of digital gold and makes it attractive as a stable investment asset. By the 2028 halving, the cryptocurrency’s potential in this regard will only increase, according to the head of CryptoQuant.
The likelihood of Bitcoin being adopted as a currency will grow as users become more familiar with wallets and stablecoins. This will be facilitated by protocol improvements, the development of L2 solutions, and “wrapped BTC” options.
Ki Young Ju noted that major players like Stripe are entering the “stablecoin” infrastructure market. Over the next three years, the expert expects this process to accelerate as adequate regulatory frameworks emerge.
“Satoshi aimed to make Bitcoin a peer-to-peer monetary system, not digital gold. His vision could be realized by 2030 through the maturation of the ecosystem and the reduction of asset volatility,” concluded the founder of CryptoQuant.
Earlier, billionaire Mark Cuban suggested that Bitcoin could become a global reserve currency amid the dollar’s failure in this role.
CEO of BlackRock, Larry Fink, believes that Bitcoin is an alternative to gold and other exchange-traded commodities, and its adoption in this capacity will continue to grow.