The chief executive of a prominent encryption analysis company believes that BTC (Bitcoin) Bull Market has enough fuel to witness more meetings.
Cryptoquant CEO KI YOUNG JU says to 401,300 followers on social media platform X that the demand for Bitcoin spot exchange trading funds (ETFs) is still strong, indicating that in -depth investors are positioning for more BTC rally.
KI believes that BTC will print a market cycle after the demand for Bitcoin ETF is over.
“Bitcoin bull is not over.
The purchase engine for paper bitcoin is still running. In 2021, the recession occurred two months after the introduction of the Grayscale Bitcoin Trust (GBTC).
You do not have to call the top of the circulation until ETF, MicroStrategy (MSTR) and institutional purchases are slow. ”
Bitcoin is trading $ 99,669 at the time of writing.
KI returns to Altcoins and believes that investors will see ALTS from a different perspective in five years. According to the analyst, most Altcoin will stop the speculative asset because it believes that investors will value the stock, as in the same way that investors value stocks.
“The era of Altcoins, which exists only on the scope of the Internet interest, will end within five years. The meme coin lasts as a gambling product…
In addition, Altcoin, which is actually under construction, will develop into an employment contract for Internet knowledge workers. This is a future that cannot be developed into an Internet economy framework that enables compensation for the value generated in information creation, deployment and arguments. ”
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Exemptions: The opinions expressed in Daily HODL are not investment advice. Investors must do live action before making high -risk investments in bitcoin, cryptocurrency or digital assets. Transfer and transactions are at their danger, and the loss that can occur is your responsibility. Daily HODL is not recommended to purchase or sell cryptocurrency or digital assets, and Daily HODL is not an investment advisor. Daily HODL participates in affiliate marketing.
Created image: dalle3