A top crypto expert believes that Bitcoin could finally become a widely used form of digital cash by 2030.
Bitcoin’s Path to Electronic Cash
Ki Young Ju, CEO of the market intelligence firm CryptoQuant, says that Bitcoin’s volatility will decrease as the crypto ecosystem matures. This, combined with the next halving in 2028, could make Bitcoin a more appealing option for everyday transactions.
Ju argues that the halving, which cuts miner rewards in half, will further stabilize Bitcoin’s price. He also points to the growing influence of institutional investors in the mining industry, which will help to reduce volatility and make Bitcoin less attractive as an investment asset.
Key Factors for Bitcoin’s Transformation
Ju highlights several factors that will contribute to Bitcoin’s transition into a widely used currency:
- Decreasing Volatility: As Bitcoin matures, its price fluctuations will become less extreme, making it more suitable for everyday transactions.
- Institutional Involvement: The growing involvement of institutional investors in Bitcoin mining will help to stabilize the market.
- Blockchain Wallet Adoption:
Increased familiarity with blockchain wallets and the adoption of stablecoins will make it easier for people to use Bitcoin for payments.
- Protocol Improvements: Improvements to the Bitcoin protocol, including layer-2 networks and wrapped Bitcoin, will further enhance its usability.
Satoshi’s Vision
Ju believes that these factors will ultimately lead to the realization of Satoshi Nakamoto’s vision for Bitcoin as a peer-to-peer electronic cash system.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. /p>
