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CryptoQuant CEO Ki Young Ju Sees Bitcoin Floor at $30,000 Even if Institutions Exit
CryptoQuant CEO Ki Young Ju believes Bitcoin's on-chain investor cost basis would still support prices near $30,000, even if institutional investors unwind their accumulated exposure. This scenario would involve reversing roughly $58 billion in net inflows to US spot Bitcoin ETFs and selling the 1.3 million BTC publicly traded companies have accumulated. Ju's prediction, shared on X on October 16, contrasts with Bloomberg Intelligence strategist Mike McGlone's forecast of a potential fall to $10,000.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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