Bitcoin Will Be Used as Currency by 2030, Predicts CryptoQuant CEO

By
Vincent Parks
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  • 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.

#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…

— Ki Young Ju (@ki_young_ju) October 24, 2024

Source:coinedition.com

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Vincent Parks
Hello, my name is Vincent Parks. I help novice traders and private investors. I write articles on trading / TA / trading psychology etc. For the past 3 years, I have been an account manager in a company that specializes in binary options. I have more than 5 years of professional experience in FX/crypto trading. My goal in life is to share my knowledge and experience with more people.

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