Bitcoin mining difficulty has increased by 378% over the past three years, which is attributed to institutional investment in large-scale mining operations. Ki Young Ju, CEO of CryptoQuant, suggests that this rise may indicate a potential evolution of Bitcoin into a stable currency by 2030. As institutional dominance grows, it is expected to reduce overall volatility in the cryptocurrency space, leading to a stable Bitcoin ecosystem. Ju anticipates that major fintech players will drive mass adoption of stablecoins within three years and that serious discussions about Bitcoin's usage as a currency will begin following the next halving event in 2028. Moreover, the competition among miners has raised entry barriers for individuals but may bolster institutional support for Layer 2 solutions like the Lightning Network, which are crucial for Bitcoin's scalability amid competition from alternatives like Wrapped Bitcoin. Analysts are closely monitoring Bitcoin's price movements, especially the significance of the $65,000 support level during a time of economic volatility.

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