Whereas the expectation that the Bitcoin worth will rise to a lot greater ranges continues, CryptoQuant CEO Ki Younger Ju mentioned that the BTC worth might attain $161,000.
Talking on the 2025 Digital Asset Convention held in South Korea on January 16, CryptoQuant CEO acknowledged that there’s new capital influx into the market and helps the rise.
At this level, Ju famous that Bitcoin might probably rise to $161,000 given the overall capital influx coming into the market.
Ju acknowledged that in keeping with technical indicators, the BTC market has not but reached an overheated state and that additional will increase are on the way in which.
South Korea: Land of Altcoins!
Ju additionally described the South Korean cryptocurrency market because the “land of altcoins.”
“In Korea, 97% of the buying and selling quantity is in altcoins, and that is solely as a consequence of particular person investor transactions relatively than institutional transactions.
“Our nation could be a chief in Bitcoin. For this, after the institutional restructuring, our nation must open the door for establishments to enter the Bitcoin market. As a result of this transfer will present us with the chance to develop as a pacesetter within the Bitcoin period.”
CryptoQuant CEO just lately made an fascinating analogy for the biggest altcoin Ethereum (ETH), stating that ETH is a stablecoin.
*This isn’t funding recommendation.
