đ Bitcoin Could Become Global Currency by 2030 â Institutional Mining May Pave the Way
With Bitcoin mining difficulty skyrocketing 378% over the past three years, CryptoQuant CEO Ki Young Ju believes we may be witnessing the groundwork for Bitcoinâs transformation into a global currency by 2030. As large-scale institutional players ramp up mining operations, the rising competition is driving smaller miners out, but Ju sees this institutionalization as a key to stabilizing Bitcoinâs historically volatile market.
Stability Through Institutional Power While some fear centralization of mining, Ju suggests it could actually reduce volatility. The more institutions get involved, the less speculative and more stable BTC could become. He predicts by 2028, the narrative will shift, and serious discussions about using Bitcoin as currency will emerge, driven by institutional confidence.
Adoption is Building Juâs outlook is supported by the rise of Layer-2 solutions like the Lightning Network, which, though slow in adoption, could scale Bitcoin for everyday use. However, Wrapped Bitcoin (WBTC) has gained momentum, seamlessly integrating BTC into ecosystems without L2 complexities. For either solution to succeed, institutional backing will be key, according to Ju.
Price Stability is Crucial Bitcoinâs price is hovering around the $67,000 mark, a critical level according to analysts like Keith Alan, co-founder of Material Indicators. If BTC can hold above $65,000, without wild price swings, we could be looking at a long-term bullish trend, potentially retesting all-time highs by yearâs end.
2028 and Beyond As we head into the next Bitcoin halving in 2028, institutional influence might not just stabilize BTCâit could legitimize it as a currency on a global scale. If Juâs forecast holds, Bitcoin might finally shed its speculative image and become the digital currency many believe it was destined to be.
