Ki Young Ju, CEO of CryptoQuant, suggests that Bitcoin BTC/USD is on track to become a widely used currency by 2030, largely driven by the mass adoption of stablecoins.
What Happened: Ju pointed out in a post on X on Thursday that Bitcoin’s mining difficulty—a measure of competition—has surged by 378% over the past three years. While it was possible to mine 50 BTC with a single PC in 2009, today’s mining is dominated by institutional-backed companies, making it nearly impossible for solo miners to compete.
As institutional involvement grows, Ju predicts Bitcoin’s volatility will decrease, enhancing its potential as a stable currency. He expects this transition to gain momentum after the 2028 halving event.
Why It Matters: Ki Young Ju highlighted the entry of companies like Stripe into the stablecoin infrastructure industry. Earlier in the week, Stripe CEO Patrick Collison announced on X that stablecoin platform Bridge will be acquired by Stripe to facilitate cross-border money movement.
Recently, PayPal completed its first commercial transaction using USD pegged stablecoin, PYUSD, as reported by Bloomberg.
With regulations in place, he expects major fintech players to drive the mass adoption of stablecoins within three years. By around April 2028, during the next halving, Ju believes that Bitcoin’s potential use as a “currency” will start to be seriously discussed as volatility decreases further and the ecosystem matures.
He anticipates that by 2030, Bitcoin may fulfill Satoshi Nakamoto’s vision of being “P2P Electronic Cash” rather than just digital gold.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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