Infrastructure growth and regulatory support could transition Bitcoin from an investment to a usable currency, aligning with Satoshi Nakamoto’s original vision.
CryptoQuant CEO Ki Young Ju suggests that Bitcoin’s increasing mining difficulty could be a step toward its evolution into a stable digital currency. Mining difficulty, which has surged by 378% over the past three years, reflects growing competition driven by large mining companies with institutional backing. Ju views this rise in competition as beneficial for Bitcoin’s stability and development, projecting that by the 2028 halving event, Bitcoin could reach low volatility levels, making it more appealing as a currency.
Meanwhile, US Bitcoin mining giants like Riot Platforms and Marathon Digital are pushing for pro-crypto legislation by backing a political action committee that will focus on key states. This move, along with institutional and regulatory developments, points towards a future where Bitcoin may be mainstreamed as a peer-to-peer electronic cash system by 2030, fulfilling Satoshi Nakamoto’s original vision.
Though some remain sceptical of Bitcoin’s viability as a global currency, Ju asserts that Bitcoin’s growing infrastructure, alongside regulatory support and reduced volatility, could allow it to transition from an investment to a usable digital currency within the decade.
