By 2030, Bitcoin (BTC) Could Be a Currency: Ki Young Ju Says

• The 2028 Bitcoin halving could pave the way for its broader adoption as a currency.
• Institutional involvement has driven a 378% increase in Bitcoin mining difficulty.
• Due to growing demand, analysts predict that Bitcoin might hit $200,000 by 2025.

Ki Young Ju is the CEO of CryptoQuant. In a recent social media post, he predicted that Bitcoin (BTC) could become a stable global currency by 2030.

He attributes this potential shift to increasing institutional influence, which will transform Bitcoin’s role in the financial system. From a speculative asset, it will turn into a more stable one.

Ju anticipates that after Bitcoin‘s 2028 halving, discussions about Bitcoin as a peer-to-peer currency will gain traction. He forecasted that the rise in institutional involvement would stabilize Bitcoin’s price.

This will decrease its volatility over time, aligning with Satoshi Nakamoto’s original vision of Bitcoin as “P2P Electronic Cash.”

Ju adds:

”By around April 2028, during the next halving, Bitcoin’s potential use as a “currency” will start to be seriously discussed as volatility decreases further and the ecosystem matures.”

One of the key drivers behind Ju’s prediction is the rapid increase in the difficulty of Bitcoin mining. In recent years, mining competition has intensified, particularly with the entry of institutional players into the market.

Institutional Investments Pushing Bitcoin Towards Stability

Bitcoin’s mining difficulty has surged by 378% over the past three years due to increased competition among miners. In 2009, individuals could mine 50 BTC using a personal computer. However, the game has become burdensome.

Institutional players dominate the industry, raising entry barriers and making mining less accessible for individuals. Despite this, Ju views the institutional takeover as beneficial for Bitcoin development.

#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

Institutional involvement has brought significant changes, and this trend is expected to continue with increased investment in mining infrastructure. Ju believes this will gradually reduce BTC’s volatility, making it more suitable as a currency. He predicted the next halving in 2028 could spur a major shift in Bitcoin‘s utility.

Similarly, MicroStrategy founder Michael Saylor considers Bitcoin’s unique properties to make it a superior long-term store of value. This belief underpins the firm’s ongoing BTC accumulation since 2020.

https://twitter.com/Vivek4real_/status/1847928955841499627

The growing institutional trust in Bitcoin could further stabilize its price. This can enhance its appeal as a currency by the decade’s end. For Ki Young Ju, this transformation aligns with Bitcoin’s original purpose.

The Role of Stablecoin Integration and Wallet Adoption In BTC’s Future

Ju suggested that as institutional investments in Bitcoin grow, its price volatility will likely decrease. This would facilitate its transition from an investment asset to a medium of exchange.

He anticipates that the 2028 halving will spark more discussions about Bitcoin as a currency. That could start debates on its use as a low-volatility currency.

Ki Young Ju also highlights the importance of familiarity with blockchain wallets and stablecoins for Bitcoin’s development. He believes that the adoption of stablecoins will be crucial in this transition.

It will lead to greater integration between stablecoins and Bitcoin, thereby promoting Bitcoin’s use as a currency.

Ju foresees fintech playing a significant role in adopting stablecoins as regulations evolve. This could happen through protocol improvements, Layer 2 (L2) networks, or Wrapped Bitcoin.

“major fintech players are expected to drive mass adoption of stablecoins within three years,” according to Ju’s X post.

Given their low volatility, stablecoins can complement Bitcoin in everyday transactions. By 2028, such advancements could bring Bitcoin closer to its original goal as peer-to-peer electronic cash.

Ju envisions this trend unfolding over the next decade as the cryptocurrency space matures.

Analysts Predict Bitcoin Could Reach $200,000 by 2025

Research firm Bernstein remained optimistic about Bitcoin. The cryptocurrency is projected to reach $200,000 by the end of 2025.

However, Gautam Chhugani, Bernstein’s digital assets lead, considers this estimate “conservative.” This is because of Bitcoin’s limited supply and the increasing U.S. debt levels.

Chhugani encourages skeptics to rethink their position, pointing to the robust institutional support and the growing acceptance of digital assets. He emphasizes that Bitcoin’s supply is fixed, unlike fiat currencies, which are prone to inflation.

This scarcity and rising demand from institutional investors underpins Bernstein’s ambitious price target.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.