Crypto Blog
Bitcoin’s price is poised for an upcoming rally this year, and the best scenario can take the asset to above $100,000 for the first time ever, said the CEO of CryptoQuant – Ki Young Ju.
With a month already gone after the ETFs went live, Young Ju asserted that BTC’s market has seen “$9.5 billion in spot ETF inflows per month,” which could boost its realized cap by $114 billion yearly. That never happened back then. Just the opposite, as the cryptocurrency slumped in the next few years. However, Young Ju believes the ETF inflow trend could propel the next massive bull run that might result in breaking above that level for the first time.
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