Bitcoin Bull Run Far From Over: CryptoQuant CEO Predicts Institutional Demand Surge

CryptoQuant CEO Ki Young Ju has shared his bullish outlook on Bitcoin, stating that the current market rally is far from over. In a recent post on Platform X, Ju highlighted the strong demand for Bitcoin spot market exchange-traded funds (ETFs) as a sign of continued interest from institutional investors. He believes that the Bitcoin bull cycle will continue until demand for ETFs, MSTR (MicroStrategy), and institutional buying slows down.

Ju also provided a five-year forecast for altcoins, predicting a shift in their perceived value. He expects that most altcoins will no longer be seen as purely speculative assets but rather as investments based on their earnings potential, similar to stocks. Meme coins, on the other hand, will likely persist as gambling products. Ju envisions a future where altcoins that focus on building and innovation will evolve into employment contracts for internet knowledge workers, forming an economic framework that compensates for the value generated in information creation, distribution, and acquisition.

At the time of writing, Bitcoin is trading at $99,669, having experienced a 2.74% decline in the past day. Despite the recent dip, Ju's analysis suggests that the Bitcoin bull market has enough momentum to continue, with institutional investors positioning for further rallies. As for altcoins, Ju's five-year forecast paints a picture of a more mature and value-driven market, where investors focus on earnings and innovation rather than mere speculation.