Ju Ki-young: "Despite Decline in Bitcoin Demand, On-Chain is Solid... Long-Term Outlook is Bright" [Virtual Asset Investment Insight Forum 2025]

Virtual Asset Investment Insight Forum 2025

Bitcoin Demand Declined

Sufficient Institutional Liquidity with Spot ETFs

Long-Term Outlook Remains Positive

Ju Ki-young, CEO of the on-chain analysis platform CryptoQuant, emphasized at the 'Virtual Asset Investment Insight Forum 2025' held at Conrad Hotel in Yeouido, Seoul on the 25th that despite the recent downturn, Bitcoin still holds a solid outlook.

CEO Ju analyzed the bull market that unfolded after Trump's election, stating, "Blockchain is an asset where payment and settlement occur simultaneously, allowing all data to be quantitatively analyzed. This bull market was driven by institutional nominal demand such as △ increased demand within institutions △ increased demand for Exchange-Traded Funds (ETFs)."

Ju viewed that the market is becoming more robust due to institutional participation driven by the active stance of the U.S. He said, "Last year, approximately 500 trillion won of funds flowed into the virtual asset market, and the U.S. share of Bitcoin also increased sharply. The buying trend of ETFs and MicroStrategy is also significantly contributing to market stability."

He also mentioned that despite the recent decline in demand, the long-term outlook for Bitcoin remains bright. CEO Ju stated, "Although we can see a slight decline in demand in the ETF and custody markets recently, the Bitcoin hash rate is steadily increasing, and the mining scale is expanding, so I don't think there will be a large-scale sell-off due to market downturn contagion risks as in the past. The long-term outlook is still bright."

Regarding altcoins, he analyzed, "Only some altcoins that can attract new funds from institutions selectively are showing an upward trend. This rise occurred under institutional leadership, so capital rotation into altcoins as in the past has not been significantly carried out."

He emphasized that the Korean market should also build a market ecosystem in line with the global trend of expanding around major assets.

CEO Ju said, "The domestic virtual asset market is overly skewed towards altcoin trading. Of course, we need to consider factors such as the prohibition of corporate accounts, but due to these characteristics, the domestic market is sometimes regarded as a liquidity window for overseas projects. It is desirable to form a healthy market ecosystem centered around major assets such as Bitcoin domestically."