TechFlow news, October 24 — According to Cointelegraph, Bitcoin mining difficulty has surged by 378% over the past three years, reaching unprecedented levels due to institutional investment in large-scale mining operations. This trend has led to intensified mining competition and raised entry barriers for individual miners.
Ki Young Ju, CEO of CryptoQuant, predicts this could be a positive signal for Bitcoin. The rising mining difficulty may foreshadow Bitcoin's evolution into a stable currency by 2030. With increasing institutional dominance, Ju believes this could reduce volatility in the cryptocurrency market.
Amid macroeconomic data and anticipated market fluctuations, analysts will closely monitor Bitcoin's performance in the coming weeks, with some expecting Bitcoin to retest its all-time high before the end of this year.
