Bitcoin Cycle Forecast: Institutional Ownership Could Limit Price Gains

CryptoQuant founder Ki Young Ju has predicted that Bitcoin could reach $290,000 this cycle. This is a far cry from previous cycles, each of which saw at least an eightfold increase in price.

Ju's rationale centers on the current ownership demographics of Bitcoin. He argues that with greater institutional ownership and a larger market, short-term rallies and crashes seen in previous cycles are less likely.

CryptoQuant's data supports his view, showing that current holders have remained above their purchase prices even during the 2026 market decline.