CryptoQuant CEO Ki Young Ju Says Bitcoin Bull Market Could Rise 3x to 5x
JH Kim
Summary
- CryptoQuant CEO Ki Young Ju said the current Bitcoin (BTC) bull market could deliver 3x to 5x gains instead of the 10-fold rise seen in past cycles.
- He said gains in the current Bitcoin bull cycle may be smaller than in previous runs.
- He added that while the upside may be limited, the next bear market could also be less severe than in the past.
Forecast Trend Report by Period
CryptoQuant Chief Executive Ki Young Ju said the current Bitcoin bull market could deliver gains of three to five times, rather than the 10-fold surge seen in past cycles.
Cointelegraph reported on September 22 that Ju expects this Bitcoin bull cycle to post smaller gains than previous ones.
Instead of the roughly 10-fold advances recorded in some earlier bull markets, he sees Bitcoin rising 3x to 5x in the current cycle.
He added that while the upside may be more limited, the next bear market could also be less severe than in the past.
JH Kim
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