The CEO of CryptoQuant, a market intelligence firm, believes that Satoshi Nakamoto’s vision for Bitcoin could become a reality by 2030.

In a recent post on the social media platform X, Ki Young Ju expressed his belief that Bitcoin, the top cryptocurrency by market capitalization, could be seriously considered as a form of digital cash after its halving in 2028. This event will see miner rewards cut in half and, according to Ju, will lead to a decrease in Bitcoin’s volatility, making it more suitable for use as a currency.

Ju emphasizes that Satoshi initially intended for Bitcoin to be a peer-to-peer electronic cash system, rather than a digital store of value like gold. He believes that this vision can be realized by 2030 through the maturation of Bitcoin’s ecosystem and the reduction of its volatility.

To support his argument, Ju identifies several key factors that will contribute to Bitcoin’s evolution into widely used electronic cash. He points out that the dominance of large mining companies, backed by institutional investors, will increase as institutional involvement in the industry grows. This, in turn, will raise entry barriers and reduce Bitcoin’s volatility, making it less appealing as an investment asset and more suitable as a means of payment.

Furthermore, Ju suggests that the increasing familiarity with blockchain wallets and the adoption of stablecoins will also contribute to Bitcoin’s likelihood of being used as a currency. He suggests that protocol improvements, the development of layer-2 networks, and the use of Wrapped BTC could facilitate this transition. As Bitcoin’s volatility decreases, its role as a currency becomes increasingly inevitable.

As of the time of writing, Bitcoin is trading at $67,048, showing a slight increase in the last 24 hours.

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