Ki Young JuCEO of CryptoQuant, suggests that Bitcoin (CRYPTO: BTC) is on track to become a widely used currency by 2030, driven largely by the mass adoption of stablecoins.
What happened
Ju noted in a post Thursday on x that Bitcoin Mining difficulty, a measure of competition, has increased 378% over the past three years. While it was possible to mine 50 BTC with a single PC in 2009, mining today is dominated by institution-backed companies, making it nearly impossible for independent miners to compete.
As institutional participation grows, Ju predicts that Bitcoin’s volatility will decrease, improving its potential as a stablecoin. He expects this transition to gain momentum after the 2028 halving event.
Why is it important
Ki Young Ju highlighted the entry of companies like Stripe into the stablecoin infrastructure industry. Earlier this week, the CEO of stripe, Patrick Collisonannounced on X that the stablecoin platform Bridge will be acquired by Stripe to facilitate the movement of cross-border money.
Recently, PayPal completed its first commercial transaction using the PYUSD stablecoin, pegged to the US dollar, Bloomberg reported.
With regulations in place, expect major fintech players to drive mass adoption of stablecoins within three years. Around April 2028, during the next halving, Ju believes that the potential use of Bitcoin as a “currency” will begin to be discussed seriously as volatility decreases and the ecosystem matures.
He anticipates that by 2030, Bitcoin could fulfill Satoshi Nakamoto’s vision of being “P2P Electronic Cash” instead of just being digital gold.
You can also read: Kraken to launch DeFi-focused ‘Ink’ Blockchain in early 2025
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