Bitcoin mining difficulty has surged by 378% over three years, signaling the potential for institutional-driven BTC stability by 2030.
Bitcoin mining difficulty has surged over the past three years, increasing by 378% as institutional investment in large-scale mining operations drove it to unprecedented levels.
This has led to unprecedented levels of mining competition and entry barriers for individual miners. However, Ki Young Ju, the CEO of CryptoQuant, has predicted that this could be a positive for Bitcoin (BTC).
Ju forecasts that this rise in mining difficulty could be a precursor to Bitcoin evolving into a stable currency by 2030. As institutional dominance increases, Ju believes it could reduce volatility in the cryptocurrency space.
