The CEO of Cryptoquant Ki Young Ju says the Bitcoin Bull market has not yet ended, and reveals five -year expectations for Altcoins
The CEO of a prominent encryption company believes that the bitcoin (BTC) market has enough fuel to see more marches.
The CEO of Cryptoquant Ki Young JU tells his 401300 followers on the social media platform X that the demand for Bitcoin boxes circulated on the stock exchange (ETFS) is still strong, indicating that deep investors are putting more BTC gatherings.
in order to Notes He believes that BTC will print the highest market cycle by simply requesting Bitcoin EtFS decreases.
Bitco Bull is not over.
The bitcoin currency purchasing engine is still running. In 2021, the shrinkage came two months after the drivers of GBTC (GRAYSCALE Bitcoin Trust) dried.
There is no need to rush to call the periodic summit to ETFS, MSTR (microstrategy), and institutional purchase slows down. ”
At the time of this report, Bitcoin is traded for $ 99,669.
It turns into altcoins, Ki Secure Investors Seron Als in a different light for five years. According to the analyst, most Altcoins will stop working as speculative assets because he believes that investors will appreciate them based on their profits – like how they appreciate shares.
“The era of Altcoins only is as an internet attention scale will end within five years. Meme currencies will continue as a gambling products …
In addition, Altcoins that is already built into employment contracts for workers in the field of online knowledge will develop. It cannot be denied in the future that these heroes will develop into an economic framework for the Internet that allows compensation for the value resulting in the creation of information, distribution and acquisition. ”
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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