CryptoQuant Founder: Compared to the peak of the last cycle, Bitcoin's fundamentals can support three times its current market value
Bitget2024/06/22 02:19
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Ki Young Ju, the founder and CEO of on-chain and market analysis company CryptoQuant, stated that compared to the previous cyclical peak, the fundamental elements of the Bitcoin network could support a market value three times its current one. Ki Young Ju believes that it is "possible" for Bitcoin's price to maintain at $265,000.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
Crypto prices
More
Bitcoin
BTC
$76,503.83
+1.05%
Ethereum
ETH
$2,456.79
+2.52%
Tether USDt
USDT
$0.9991
-0.00%
BNB
BNB
$724
+1.85%
XRP
XRP
$1.3
+1.81%
USDC
USDC
$0.9998
-0.00%
Solana
SOL
$100.3
+3.12%
TRON
TRX
$0.3343
-0.07%
Zcash
ZEC
$1,372.99
+9.26%
Hyperliquid
HYPE
$82.09
+4.44%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now