CryptoQuant CEO Says Bitcoin’s Next Bull Run Depends on Institutional Inflows, $1 Trillion Absorption
Summary
- Ki Young Ju said institutional capital inflows are needed for Bitcoin’s next bull run.
- He said Bitcoin must absorb more than $1 trillion in realized capitalization for another parabolic bull run to emerge.
- He added that Bitcoin must become a core macro asset rather than an ETF trading vehicle centered on retail investors, and that the shift is still in its early stages.
Forecast Trend Report by Period
Ki Young Ju, chief executive officer of CryptoQuant, said large-scale institutional capital inflows will be critical for Bitcoin’s next bull run.
In a post on X on July 1, Ju wrote that Bitcoin is likely to have "one more parabolic rally" left. He added that capital efficiency is declining: Bitcoin climbed 55,436% in 2011 on net capital inflows of just $2.7 billion, while the current cycle has drawn $697 billion and delivered a 689% return.
The next parabolic bull cycle will require deeper institutional allocation, he said. Bitcoin needs to become a core macro asset rather than an exchange-traded fund trading vehicle dominated by retail investors. That shift is still in its early stages and has not been invalidated, he added.
Ju said Bitcoin could enter another parabolic rally if it absorbs more than $1 trillion in realized capitalization. He added that gold's market capitalization is currently about $27 trillion.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul