Satoshi

Satoshi Nakamoto

Bitcoin

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<p lang="en-GB">Founder and CEO of on-chain data aggregator CryptoQuant has shared several key reasons why he expects that in six years, the initial vision that <a href="https://u.today/bitcoin-bull-run-starts-monday-satoshis-message-to-nba-legend-says" rel="noopener noreferrer nofollow">Satoshi Nakamoto</a> had for Bitcoin is likely to finally come true.</p>
<h2 id="bitcoin-likely-to-become-currency-by-2030">"Bitcoin likely to become "currency" by 2030"</h2>
<p lang="en-GB">Ki Young Ju, the founder and chief executive officer at CryptoQuant, addressed the Bitcoin community to share his expectations regarding Bitcoin’s prospects as a currency (as opposed to a store-of-value). He believes that the flagship crypto is likely to be used as an actual currency in six years already and shared several big reasons for that.</p>
<p lang="en-GB">First of all, Ju mentioned the staggering 378% increase of the <a href="https://u.today/microstrategys-saylor-issues-special-bitcoin-tweet-as-btc-falls-below-67000" rel="noopener noreferrer nofollow">Bitcoin</a> mining difficulty over the last three years as a result of the intense competition in this space. He explained that while 50 Bitcoins could be easily mined in 2009, when Bitcoin launched, with just a single PC, these days individual miners have a great difficulty succeeding in this sphere. Mining is now largely dominated by large companies that are often backed by institutional investors.</p>
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 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> will likely be used as a "currency" around 2030.Bitcoin's mining difficulty, which reflects the intensity of competition, has consistently hit all-time highs, increasing by 378% over the past three years.While 50 BTC could be mined with a single PC in 2009, it has… <a href="https://t.co/lY8pRreZCl" rel="noopener noreferrer nofollow">pic.twitter.com/lY8pRreZCl</a></p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1849350184100331556?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 24, 2024</a>
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<p lang="en-GB">The second reason is that Bitcoin’s volatility is gradually reducing since the involvement of financial institutions is growing along with its appeal as an investment asset. Therefore, Bitcoin’s potential as a low-volatility currency will increase multiple times, Ju says.</p>
<h2 id="satoshi-s-vision-of-bitcoin-to-come-true">Satoshi's vision of Bitcoin to come true</h2>
<p lang="en-GB">Ki Young Ju believes that the growing adoption of stablecoins is important for Bitcoin to become a “currency.” Hence, he mentions that companies, like Stripe, are beginning to enter the industry of stablecoin infrastructure.</p>
<p lang="en-GB">However, the important date, according to Ju, is April 2028 – this is when the next Bitcoin halving will take place. When it happens, he believes, serious discussions will arise about Bitcoin’s potential to be used as a currency. The reasons for that, per him, will be the decreasing BTC volatility and the BTC ecosystem’s further maturing.</p>
<p lang="en-GB">Finally, he says, the big driver of “boosting Bitcoin’s likelihood of being used as a currency” will be the expanding familiarity with crypto wallets and the growing stablecoin adoption.</p>
<p lang="en-GB">“As volatility decreases, Bitcoin's role as a currency becomes increasingly inevitable,” Ju concluded. He reminded the community that Satoshi’s initial vision for Bitcoin was not a digital gold but “P2P Electronic Cash” and this vision may be realized by 2030.</p> <a href="https://u.today/satoshis-bitcoin-vision-to-be-realized-by-2030-details-from-cryptoquant-ceo" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Satoshi’s Bitcoin Vision to Be Realized by 2030 – Details from CryptoQuant CEO

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