CryptoQuant CEO: Bitcoin could be used as currency by 2030

BlockBeats news, October 24, Bitcoin mining difficulty has surged 378% in the past three years, and institutional investment in large-scale mining operations has pushed it to unprecedented levels. This situation has led to unprecedented mining competition and raised the entry barrier for individual miners.

Ki Young Ju, CEO of CryptoQuant, predicts that this may be a positive sign for Bitcoin. This rise in mining difficulty may be a precursor to Bitcoin's evolution into a stable currency in 2030. As institutional dominance increases, Ju believes this may reduce volatility in the cryptocurrency market.

With macroeconomic data and expected market volatility, analysts will keep a close eye on Bitcoin's performance in the coming weeks, and some expect Bitcoin to test its all-time high again before the end of the year.