- Oct 24, 2024 12:30 UTC
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Ki Young Ju, CEO of CryptoQuant, believes Bitcoin (BTC) could become a widely used global currency by 2030. In a recent post, he highlighted the significant changes in Bitcoin mining and increased institutional investment since its inception. While Bitcoin was once mined easily by individuals, today, large-scale companies dominate the field due to rising mining difficulty. Ju suggests that as Bitcoin stabilizes and its price volatility decreases, it may become more practical for everyday transactions. He anticipates that by 2028, following the next Bitcoin halving, institutional adoption will reach a level that supports Bitcoin’s role as a currency. This aligns with the vision of Bitcoin’s original creator, Satoshi Nakamoto, who intended it to be a peer-to-peer electronic cash system.
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