CryptoQuant CEO sees Bitcoin as currency by 2030

Ki Young Ju, CEO of CryptoQuant, envisions Bitcoin (CRYPTO:BTC) evolving into a low-volatility global currency by 2030. 

In a recent post, Ju emphasised Bitcoin’s ongoing maturation, driven by increased institutional adoption and technological advancements in the ecosystem. 

He explained that this shift could stabilise Bitcoin’s notorious price swings, enhancing its suitability for everyday transactions. 

Ju’s perspective draws from significant changes in the Bitcoin mining landscape. 

In its early days, individual miners could easily mine Bitcoin using personal computers. 

Today, the mining sector is dominated by large-scale operations backed by institutional investors. 

The competition has intensified, with Bitcoin’s mining difficulty increasing by 378% over the last three years, according to CryptoQuant. 

This shift has elevated barriers to entry, making Bitcoin’s mining ecosystem more stable. 

Ju believes that the ongoing stability and institutional involvement will eventually curb Bitcoin’s volatility. 

He stated, “As volatility decreases, Bitcoin’s role as a currency becomes increasingly inevitable.” 

The executive highlighted Bitcoin halving events, which occur approximately every four years, as pivotal moments in this transformation. 

The next halving is set for 2024, followed by another around 2028. 

Ju suggests that the 2028 halving could usher in a new era where Bitcoin is embraced as a practical currency. 

The CryptoQuant CEO also noted the importance of Layer-2 (L2) networks and technological innovations like Wrapped Bitcoin (CRYPTO:WBTC) in advancing Bitcoin’s utility. 

However, he stressed that for L2 solutions to succeed, they would need solid institutional backing. 

Ju’s vision aligns with financial experts like Paul Tudor Jones, who views Bitcoin as a hedge against inflation. 

Likewise, MicroStrategy founder Michael Saylor has consistently advocated for Bitcoin as a long-term store of value. 

He remarked, “We’re buying Bitcoin to hold it 100 years.” 

According to Ju, achieving Bitcoin’s potential as a peer-to-peer digital cash system remains within reach, driven by decreasing volatility and growing institutional trust.

At press time, the Bitcoin price was $68,202.82.