The founder and CEO of CryptoQuant, a blockchain data analysis company, has shared several reasons why he expects that Satoshi Nakamoto's original vision for bitcoin will be realized in the next six years.
"Bitcoin Will Become a Currency by 2030"
Ki Young Ju, the founder of CryptoQuant, shared his views with the bitcoin community, explaining why he believes that bitcoin will no longer be just a store of value but will become a real currency. He claims that within six years, bitcoin could be used as a standard payment method. He mentioned several key factors that support this belief.
The first factor is the dramatic increase in bitcoin mining difficulty, which has risen by 378% over the last three years. He attributes this to growing competition among miners. In the early days of bitcoin in 2009, anyone could mine coins with just a single computer, but today, the mining industry is dominated by large corporations backed by institutional investors.
The second reason is the gradual decrease in bitcoin's volatility, which Ju sees as a result of increasing interest from financial institutions in #bitcoin☀️ as an investment asset. As volatility decreases, bitcoin's potential to become a stable currency grows.
Fulfilling Satoshi's Bitcoin Vision
Ki Young Ju also stated that the key to bitcoin becoming a currency lies in the growing use of stablecoins. He noted that companies like Stripe are already getting involved in creating stablecoin infrastructure, which he views as an essential step toward bitcoin's adoption as a means of payment.
Another critical moment will come in April 2028, when the next bitcoin halving occurs. Ju expects that this will spark serious discussions about bitcoin's potential as a currency, as its volatility will be even lower, and the bitcoin ecosystem will be more mature.
The Future of Bitcoin as a Currency
According to Ju, the primary factor that will contribute to bitcoin becoming a currency is the increased awareness of cryptocurrency wallets and the growing adoption of stablecoins. He believes that as bitcoin's volatility continues to decline, its use as a currency will become inevitable.
In conclusion, he emphasized that Satoshi Nakamoto's original vision was not to create digital gold but to create electronic cash for everyday payments. Ju believes this vision could become a reality by 2030.
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