Bitcoin May Triple to Quintuple in Value, Says CryptoQuant Founder

CryptoQuant founder Ki Young Ju believes that this bull market could see Bitcoin gain 3 to 5 times its current value, rather than a parabolic surge of over 10x as previously anticipated.

According to Ju, the expansion of Bitcoin's market capitalization and increasing institutional holdings are key factors driving this potential growth. He notes that the Bitcoin Market Value to Realized Value (MVRV) ratio has consistently remained above 1 throughout this cycle, indicating that overall holders are not underwater.

Ju also points out that rising realized market cap, early whales halting distribution, and futures whales accumulating large long positions near support levels all signal improving market liquidity. He believes that Bitcoin's cycle amplitude is gradually narrowing, and it may further develop its monetary attributes as the market matures.