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Increasing institutional investments and reduced market volatility are paving the way for Bitcoin to become a widely accepted daily payment tool by 2030. CryptoQuant CEO Ki Young Ju recently shared insights on how Bitcoin’s evolution could make it a practical digital currency for everyday use. 
<a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-24541 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1-1.jpg" alt="Qubetics is 728x90 1 1" width="728" height="90" title="Bitcoin Expected as Daily Payment Tool by 2030: Insights from CryptoQuant CEO 40"></a> 
<h2 id="bitcoin-s-potential-as-a-practical-currency-for-daily-use">Bitcoin’s Potential as a Practical Currency for Daily Use</h2> 
Ju suggests that as institutional support strengthens and the cryptocurrency ecosystem matures, Bitcoin’s volatility will decrease, enhancing its appeal as a digital currency beyond an investment vehicle. Significant changes in Bitcoin mining dynamics support this shift, with modern mining now primarily conducted by high-tech institutional players. Mining difficulty has surged by 378% over the past three years, attracting institutional investment and stabilizing Bitcoin’s price. This evolution aligns with Bitcoin’s foundational goal of becoming a widely used payment medium. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#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="nofollow" target="_blank">pic.twitter.com/lY8pRreZCl</a> 
 — Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1849350184100331556?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">October 24, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="the-role-of-bitcoin-halving-in-future-currency-use">The Role of Bitcoin Halving in Future Currency Use</h2> 
Ju also anticipates the upcoming Bitcoin halving in 2028 as a pivotal event that may increase discussions around Bitcoin’s potential as a functional currency. As volatility declines, Bitcoin could gain acceptance as a reliable exchange medium similar to traditional currencies. With growing institutional backing and user trust, Bitcoin could emerge as a prominent force in the global digital economy. 
<h2 id="stablecoins-as-a-bridge-to-bitcoin-adoption">Stablecoins as a Bridge to Bitcoin Adoption</h2> 
Additionally, Ju points to the rising impact of <a href="https://www.turkishnyradio.com/siam-commercial-bank-leads-stablecoin/" target="_blank" rel="noopener">stablecoins</a>. Major digital payment companies like Stripe entering the stablecoin ecosystem are driving blockchain familiarity among everyday users. Stablecoins could act as a bridge, easing users into blockchain wallets and potentially increasing Bitcoin’s role as a peer-to-peer digital cash option.

Bitcoin Expected as Daily Payment Tool by 2030: Insights from CryptoQuant CEO

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