CryptoQuant CEO Ki Young Ju has suggested that by 2030, Bitcoin’s volatility will significantly decrease and it will be able to realize its potential as a global currency rather than as an investment asset for speculation.

Ki Young Ju explained that since the creation of Bitcoin in 2009, mining has changed dramatically. Previously, individual miners could easily mine 50 BTC using one personal computer, but today the situation is completely different. Over the past three years, the difficulty of mining Bitcoin has increased by 378%. This indicates growing competition, which “closes the way” to solo miners.

Now the market is dominated by large mining companies, which receive the support of large investors. With the growing involvement of large legal entities, barriers to entry into mining are raised, and the Bitcoin ecosystem becomes more stable. This could reduce Bitcoin’s volatility, making it less attractive to traders making quick trades within a single trading day. On the other hand, Bitcoin may become more attractive as a currency for payments, explained Ki Young Ju.

The head of CryptoQuant noted that the halving that happened in April, reducing the reward to miners by half, means a new stage in the evolution of Bitcoin. According to Young Ju, by 2028, the adoption of the first cryptocurrency among large investors and fintech companies will reach a “critical mass”, so Bitcoin will be increasingly used for everyday transactions.

A reduction in Bitcoin volatility could also occur through improvements to the protocol, Layer 2 (L2) networks, or the adoption of Wrapped Bitcoin (wBTC). However, for second-layer solutions for the Bitcoin network to be competitive, they will need the support of large investors, the CEO of CryptoQuant concluded.

Recently, Ki Young Joo spoke out against revealing the identity of Bitcoin creator Satoshi Nakamoto, as this could raise concerns about the sale of his 1.1 million BTC and put strong pressure on the Bitcoin price.