- Bitcoin’s mining difficulty has surged 378% in three years, dominated by large companies.
- Stablecoin growth and regulation could drive Bitcoin’s adoption as a currency by 2030.
- Bitcoin’s volatility is expected to drop after the 2028 halving, boosting its use as cash.
CryptoQuant CEO Ki Young Ju predicts that Bitcoin will be used as a currency by 2030. He believes this will happen as Bitcoin’s volatility decreases and its ecosystem matures.
Ki Young Ju highlights that Bitcoin mining has become more competitive. Mining difficulty has increased by 378% in the past three years. In 2009, a single PC could mine 50 BTC. Today, large companies with institutional backing dominate mining due to high entry barriers, pushing smaller miners out.
