CryptoQuant CEO Foresees Bitcoin as Everyday Currency by 2030

28.10.2024 25 times read 0 Comments Read out

CryptoQuant CEO Envisions Bitcoin as Electronic Cash by 2030

The Daily Hodl reports that Ki Young Ju, the CEO of CryptoQuant, believes Satoshi Nakamoto's vision for Bitcoin to become electronic cash might be realized by 2030. According to Ju, this transformation could begin after the next halving event in April 2028 when miner rewards are reduced. He suggests that decreasing volatility and a maturing ecosystem will make Bitcoin more viable as a currency rather than just digital gold. Institutional involvement is expected to play a significant role in stabilizing Bitcoin’s value and increasing its use as an everyday payment method.

TeraWulf: From Green Mining to AI Infrastructure

The Motley Fool highlights TeraWulf's strategic pivot from being primarily a green bitcoin mining company to becoming a major player in AI infrastructure. The firm has eliminated its debt and secured $425 million for expansion into data centers powered predominantly by clean energy sources like hydroelectric power. With plans underway for advanced facilities capable of supporting high-performance computing tasks essential for AI workloads, TeraWulf aims to capitalize on the growing demand among tech giants such as Microsoft and Amazon seeking sustainable energy solutions.

Bitcoin Set for Massive Growth Says Bernstein Report

A report covered by Brave New Coin Insights reveals Bernstein's prediction that Bitcoin could reach $200,000 by the end of 2025—a nearly threefold increase from current levels around $68,000. This optimistic forecast is driven largely by accelerating institutional adoption with hedge funds increasingly investing in new exchange-traded funds (ETFs). Billionaire investors like Michael Saylor continue advocating strongly for cryptocurrency investments amidst economic uncertainties including inflationary pressures and geopolitical tensions.

BlackRock Accumulates Over 400K Bitcoins Amidst Market Dominance Concerns

U.Today discusses BlackRock's historic accumulation of over 400,000 bitcoins valued at approximately $26 billion through ongoing inflows into their ETFs—raising questions about potential future dominance within crypto markets due partly because some speculate they may eventually fork existing chains using vast resources available if necessary, despite challenges posed against other stakeholders involved globally across decentralized networks today.

Illegal Mining Costs Malaysian Electricity Company Millions Annually

An article from Bitcoinist details how Tenaga Nasional Berhad (TNB), Malaysia’s national electricity provider, faces substantial financial losses exceeding RM440 million ($101M) attributed directly to illegal activities involving unauthorized consumption required during intensive processes. These activities are typically found throughout various stages comprising entire lifecycle operations conducted regularly amongst numerous individuals/entities worldwide engaged actively in pursuing lucrative opportunities. These opportunities are often illicitly obtained through means that circumvent established protocols governing legitimate usage rights, granted under prevailing regulations enforced locally, nationally, and internationally. There is a need for immediate corrective action to address and resolve these issues effectively, ensuring continued compliance is maintained consistently henceforth.

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Article Summary

Ki Young Ju, CEO of CryptoQuant, predicts Bitcoin could become electronic cash by 2030 due to reduced miner rewards and increased institutional involvement post-2028 halving. Meanwhile, TeraWulf shifts from green mining to AI infrastructure with a $425 million investment in clean energy data centers, while Bernstein forecasts Bitcoin reaching $200K by 2025 amid rising institutional adoption.