tl;dr
The CEO of CryptoQuant, Ki Young Ju, predicts that by 2030, Bitcoin could become a widely used, low-volatility currency, moving beyond its current status as a speculative investment asset. This projection is based on the increasing dominance of institutional investors in Bitcoin mining, which has le...
The CEO of CryptoQuant, Ki Young Ju, envisions Bitcoin evolving into a widely used, low-volatility currency by 2030, moving beyond its current status as a speculative investment asset.
One key factor driving this projection is the increasing dominance of institutional investors in Bitcoin mining, leading to a more stable ecosystem. As a result, Bitcoin's volatility could decrease, potentially gaining acceptance for everyday transactions, with institutional adoption reaching a critical mass by 2028.
Bitcoin's transformation into a practical, low-volatility currency is also underpinned by the potential impact of Bitcoin halving events and the growing trust of major financial figures and companies in Bitcoin's role as a store of value.
Over the years, Bitcoin mining has transitioned from individual miners to large-scale companies backed by institutional investors, significantly raising the mining difficulty and shifting control to institutional players.
As a result, Ki Young Ju anticipates that Bitcoin's volatility will decrease, potentially making it less appealing to day traders but more attractive as a practical currency. He points to the upcoming Bitcoin halving in 2028 as a potential turning point in Bitcoin's evolution.
Furthermore, Ki Young Ju believes that institutional adoption will reach a critical mass by 2028, paving the way for Bitcoin to become more widely accepted for everyday transactions. This, coupled with the increasing presence of major fintech companies, could contribute to Bitcoin's transformation into a currency.
The decreasing volatility of Bitcoin, coupled with advancements in protocol and institutional support for Layer 2 networks, could further bolster Bitcoin's potential to serve as a stable currency.
Overall, the growing institutional trust in Bitcoin is seen as a key factor in stabilizing its price, potentially enhancing its appeal as a currency by the end of the decade, aligning with the original vision of Bitcoin as a decentralized, peer-to-peer electronic cash system.
With the ecosystem maturing and volatility continuing to decrease, Ki Young Ju believes that Bitcoin could function as a practical, low-volatility currency by 2030, effectively fulfilling Satoshi Nakamoto's original vision.
This transformation could mark a pivotal return to Bitcoin's fundamental purpose, redefining its perception from "digital gold" to a practical, low-volatility currency.
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