CryptoQuant CEO Ki Young Ju Says Bitcoin Bull Market Isn’t Over, Reveals Five-Year Forecast for Altcoins
The chief executive of a prominent crypto analytics firm believes that the Bitcoin (BTC) bull market has enough fuel to witness more rallies. CryptoQuant CEO Ki Young Ju tells his 401,300 followers on the social media platform X that demand for Bitcoin spot market exchange-traded funds (ETFs) is still going strong, indicating that deep-pocketed investors are positioning for more BTC rallies. Ki notes that he thinks BTC will print a market cycle top once demand for Bitcoin ETFs tapers off. “The Bitcoin bull cycle isn’t over. The buying engine for paper Bitcoins is still running. In 2021, the downturn came two months after GBTC (Grayscale Bitcoin Trust) inflows dried up. No need to rush calling the cyclical top until ETFs, MSTR (MicroStrategy), and institutional buying slow down.” Source: Ki Young Ju/X At time of writing, Bitcoin is trading for $99,669. Turning to altcoins, Ki believes that investors will see alts in a different light in five years...