CryptoQuant CEO Ki Young Ju believes that by 203 Bitcoin could become a traditional global currency, along with the dollar and the euro. The expert's forecast is based on the fact that institutional investors are increasingly investing in BTC mining and other cryptocurrency-related operations.
This interest from major players has led to mining difficulty increasing by 378% over the past three years. According to Zhu, the increase in this indicator will be a big plus for Bitcoin, as this is what is needed for BTC to turn from a speculative asset into a traditional currency.
The flagship crypto asset is currently too volatile, making it unsuitable for everyday use, the expert believes. However, with the arrival of large financial institutions in the industry, the problem of Bitcoin stability may become a thing of the past.
Satoshi intended to make it so that Bitcoin became "electronic P2P money" rather than digital gold. His plan can be realized by 2030 thanks to the development of the BTC ecosystem and the reduction of its volatility, said Ki Young Ju.
On the other hand, he noted that the mass adoption of stablecoins that is currently being observed could prevent Bitcoin from becoming a global currency.
