Bitcoin Price Eyes 3-5x Gain as Institutional Involvement Drives Market Cycle

CryptoQuant founder Ki Young Ju believes that Bitcoin's current market cycle will result in a 3-5x gain for investors, but with lower volatility compared to previous cycles.

This prediction comes as on-chain metrics and institutional involvement continue to drive the price of Bitcoin upwards. The MVRV ratio, which represents the comparison between the market value and realized value of Bitcoin, is currently above 1, indicating that the market is trading above its overall cost basis.

Ju also points out that early adopters, or 'OG' whales, have reduced their selling activities compared to other cycles. Additionally, major futures players have formed a long position around the bottom of the cycle, suggesting that institutional participation is increasing.