Bitcoin Expected to Rise 3–5x in Current Cycle, Says CryptoQuant CEO
- CryptoQuant CEO Ki Young Ju forecasts Bitcoin will rise by 3–5x during the current cycle.
- Ju attributes this prediction to increased institutional ownership and a larger market capitalization of Bitcoin.
- He notes that previous rallies were driven by retail investors and “hot money,” leading to potential 80% drawdowns.
- On-chain metrics show that the MVRV index has not fallen below 1, indicating holders are generally not “underwater.”
- Ju highlights a shift in market structure with reduced selling from long-term whales and significant long positions in futures markets.
The forecast suggests that Bitcoin’s gradual maturation could stabilize its price, making it more appealing for long-term investment rather than speculative trading. This change may also limit both upside gains and downside risks.
Ju emphasizes that while Bitcoin’s bull cycle is just beginning, the potential for parabolic gains exceeding 10x is unlikely due to current market conditions. (Source)
