According to PANews, CryptoQuant CEO Ki Young Ju recently shared insights on the Bitcoin market, suggesting that it has not yet formed a bubble. He noted that despite the cumulative inflow of capital on the blockchain, the market capitalization has not seen a significant increase. This observation indicates a stable market condition without the speculative excesses typically associated with bubbles.
Ki Young Ju further explained that based on the current realized cap, Bitcoin’s value could potentially rise to $141,000. The realized cap, which reflects the total value of all coins at the price they were last moved, is steadily increasing each day. This gradual rise suggests a healthy growth trajectory for Bitcoin, supported by consistent capital inflows rather than speculative surges.
The analysis provided by Ki Young Ju offers a reassuring perspective for investors concerned about the volatility and potential overvaluation in the cryptocurrency market. By focusing on the realized cap and its steady increase, the assessment underscores a more sustainable growth pattern for Bitcoin, contrasting with the rapid and often unsustainable price hikes seen in previous market cycles.