CryptoQuant CEO predicts that by 2030 Bitcoin will be used as a currency

Coinworld reports:
CEO of CryptoQuant, Ki Young-Ju, predicts that by 2030, Bitcoin will be used as a currency. He believes that this will happen as the volatility of Bitcoin decreases and the ecosystem matures.
Ki Young-Ju emphasizes that Bitcoin mining has become more competitive. In the past three years, mining difficulty has increased by 378%. In 2009, a personal computer could mine 50 Bitcoins. Today, with high barriers to entry, large companies supported by institutions dominate the mining industry, squeezing out smaller miners.
Institutional investment may reduce volatility
Ju points out that as institutional investors enter Bitcoin, its price volatility may decrease, helping it transition from an investment tool to a medium of exchange. When the next halving occurs in 2028, discussions about Bitcoin as a currency may increase. Ju believes this will be the beginning of the debate about using Bitcoin as a low-volatility currency.
The adoption of stablecoins may play a crucial role in this transition. Companies like Stripe are turning to stablecoin infrastructure. With the growth of stablecoins, they will increase familiarity with blockchain wallets, bringing Bitcoin closer to its initial vision as “peer-to-peer electronic cash.”
Ju emphasizes that the decrease in Bitcoin volatility will make it more suitable for everyday use. As its ecosystem further develops, Bitcoin may become more stable and widely accepted as a currency. This includes improvements to protocols, layer 2 networks, or wrapped Bitcoin. These advancements may reduce the use of Bitcoin in everyday transactions.
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The CEO’s prediction aligns with the long-term goal of Bitcoin. Satoshi Nakamoto initially envisioned Bitcoin as digital cash, not a store of value. Ju’s prediction suggests that by 2030, with the increasing prevalence of Bitcoin as a currency and growing support from institutional participants and the public, this vision is likely to be realized.