Global ETF Demand Fuels Bitcoin Bull Cycle Peak Prediction
Ki Young Ju, founder of Cryptoquant, predicts that Bitcoin's current bull cycle may peak due to global institutional demand and exchange-traded funds (ETFs) beyond the United States.
Ju points out that despite South Korea's growing participation in the market, there are still significant barriers to entry for retail investors and companies. However, he notes that as more countries gain access to regulated investment products, we may see a shift towards international markets.
The peak of this cycle could be marked by widespread retail adoption, with even small investors able to buy into Bitcoin through conventional brokerage accounts. According to Ju, 'This cycle's top might be when a banker at a regional bank in Korea recommends a spot bitcoin ETF to a granny for her savings.'