CryptoQuant CEO, Ki Young Ju, recently shared some interesting thoughts about the future of Bitcoin, and he sees it taking a direction that might surprise some of us. Instead of solely being regarded as “digital gold,” Ju believes Bitcoin could actually fulfill Satoshi Nakamoto’s original vision of becoming a form of digital cash. According to Ju, we could see this happen around 2030, with Bitcoin’s next big halving event in 2028 playing a crucial role.
Ju explains, “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.” This view points to an essential transformation in Bitcoin’s journey—from a high-volatility asset that has mainly drawn interest as a store of value to something more stable, suitable for everyday transactions.
Institutional Involvement Could Stabilize Bitcoin
Ju highlights several factors he believes will help drive Bitcoin toward this goal. For one, the evolving role of institutional investors is shaping Bitcoin’s ecosystem. Large mining companies, supported by these institutions, are starting to dominate the mining landscape. Ju says, “As institutional involvement grows, entry barriers rise, reducing Bitcoin’s volatility and its appeal as an investment asset.” In other words, as more institutional money flows into Bitcoin, it’s likely to become a less volatile, more reliable asset, which could make it better suited for practical use.
Advancements in Blockchain Technology May Support Bitcoin’s Evolution
Additionally, Ju points to the role of blockchain technology advancements. He believes that increased familiarity with blockchain wallets, alongside the adoption of stablecoins, could encourage more people to use Bitcoin as a currency. He notes, “This may occur through protocol improvements, L2 (layer-2) networks, or Wrapped BTC.” These advancements could enhance Bitcoin’s functionality, supporting it as a practical payment method rather than just an investment.
Ju’s thoughts circle back to Satoshi’s original intent for Bitcoin, stating, “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.” In essence, he suggests that the world could see Bitcoin transition into a more stable, usable form of digital currency, where its core potential as peer-to-peer cash finally takes hold.
So, while Bitcoin has long been viewed as a speculative investment or “digital gold,” Ju envisions a future where, as its volatility decreases and its infrastructure strengthens, Bitcoin becomes a more practical currency. If his predictions hold, we might see Bitcoin aligning with Satoshi’s original vision by the end of this decade.
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