CryptoQuant CEO Says Bitcoin Unlikely to See 10x Rally This Cycle
(9 days ago) · 1 source · Summarized by CryptoBipto
CryptoQuant CEO Ki Young Ju has predicted that the current Bitcoin cycle will be calmer than previous ones, without the dramatic 10x price surges seen in earlier bull markets. He suggests that the maturing market and increased institutional participation are contributing to more moderate price movements.
WHY IT MATTERS
In Bitcoin's history, there have been repeating patterns called "cycles," often tied to events like the Bitcoin halving (when the reward for mining new Bitcoin is cut in half, roughly every four years). In earlier cycles, Bitcoin's price sometimes increased by 10 times or more during bull markets. Think of it like a small company's stock — when the company is small, its value can multiply quickly, but as it grows larger, those same percentage gains require much more money flowing in. The CEO of CryptoQuant, a company that analyzes blockchain data, is suggesting that Bitcoin has matured to the point where those massive multipliers are less likely. This does not mean prices cannot move significantly, but rather that the scale of past rallies may not repeat in the same way.
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- beincrypto.com
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