The chief executive of market intelligence firm CryptoQuant says that Satoshi’s vision for Bitcoin (BTC) could come to fruition by 2030.
In a new post on the social media platform X, Ki Young Ju says that the top crypto asset by market cap could start to be seriously considered as a form of digital cash after its 2028 halving when miner rewards are slashed in half.
[adinserter block="1"]“By around April 2028, during the next halving, Bitcoin’s potential use as a ‘currency’ will start to be seriously discussed as volatility decreases further and the ecosystem matures…
Satoshi aimed for Bitcoin to be ‘P2P (peer-to-peer) electronic cash,’ not digital gold. His vision may be realized by 2030 through the maturation of Bitcoin’s ecosystem and the reduction of its volatility.”
Ju lists the key factors that will play a role in pushing the crypto king toward becoming a widely used electronic cash. He argues that BTC’s maturation as an asset will decrease its volatility, laying the foundations for Bitcoin to become a means of payment.
“Large mining companies, backed by institutional investors, dominate the current mining industry. As institutional involvement grows, entry barriers rise, reducing Bitcoin’s volatility and its appeal as an investment asset…
Familiarity with blockchain wallets and stablecoin adoption will boost Bitcoin’s likelihood of being used as a currency. This may occur through protocol improvements, L2 (layer-2) networks, or Wrapped BTC. As volatility decreases, Bitcoin’s role as a currency becomes increasingly inevitable.”
Bitcoin is trading for $67,048 at time of writing, a marginal increase during the last 24 hours.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
