Bitcoin To Be A 'Mainstream Currency' By 2030? 'Increasingly Inevitable,' Says Industry Expert
Portfolio Pulse from Khyathi Dalal
Ki Young Ju, CEO of CryptoQuant, predicts Bitcoin will become a mainstream currency by 2030, driven by stablecoin adoption and institutional involvement. He notes Bitcoin's mining difficulty has surged, making solo mining nearly impossible. Companies like Stripe and PayPal are entering the stablecoin market, which could drive mass adoption. Ju expects Bitcoin's volatility to decrease, enhancing its potential as a stable currency, especially after the 2028 halving event.
October 24, 2024 | 3:15 pm
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Bitcoin is predicted to become a mainstream currency by 2030, driven by stablecoin adoption and institutional involvement. The mining difficulty has surged, making solo mining nearly impossible. Companies like Stripe and PayPal are entering the stablecoin market, which could drive mass adoption. Bitcoin's volatility is expected to decrease, enhancing its potential as a stable currency, especially after the 2028 halving event.
The article highlights significant developments in Bitcoin's ecosystem, including increased mining difficulty and institutional involvement, which are expected to reduce volatility and enhance its potential as a currency. The entry of major companies into the stablecoin market supports this transition.
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