CryptoQuant CEO Predicts the Longest Bull Market in Crypto History

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According to CryptoQuant’s CEO, Ki Young Ju, it’s possible that the current Bitcoin price surge could extend to become one of the longest bull runs ever seen within the world of cryptocurrencies.

Enthusiasm grew significantly as Bitcoin (BTC) crossed the $100,000 mark on Tuesday, causing the overall market value to approach nearly $3.6 trillion.

Bitcoin Bull Market to Extend, Ki Young Ju Says

In a recent post, Ki Young Ju emphasized the essential part that liquidity plays in maintaining the continuous rise of digital assets.

The current growth phase for Bitcoin could potentially become the longest on record. Fresh financial resources continue to energize the market, with even more yet to be tapped.

In simpler terms, the people who deal with cryptocurrencies generally agree with Ki Young Ju’s positive viewpoint, and numerous experts predict that the market will keep growing even more. The DeFi Investor, a well-known figure in decentralized finance, put out a statement that was both cautious but optimistic about the future.

He cautioned, in a different posting, “I’m not convinced that we’ve seen the end of this bull market. However, beware of getting caught up in the supercycle illusion. Many investors lost millions during the previous cycle because of excessive greed.

It implies that even with numerous investment possibilities, cautious risk assessment continues to be crucial for investors. Furthermore, crypto analyst Lark Davis, who goes by The Crypto Lark, shares this optimism, suggesting that the market may experience a substantial rise.

Davis stated that the upcoming phase of the stock market rally, characterized by widespread optimism and significant profits, appears imminent.

Davis’ excitement mirrors the rising anticipation since the market is preparing for the upcoming stage of growth. Yet, not all professionals hold such unchecked optimism. Arthur Hayes, co-founder of BitMEX, presents a more moderate perspective. According to BeInCrypto’s report, Hayes forecasts that the crypto market will hit its maximum in mid-March 2025 and then face a significant downturn afterwards.

Hayes’ essay explores if an increase in cash flow (liquidity) could counteract any disenchantment over the pace of execution and effects of President Trump’s perceived supportive policies towards cryptocurrency and business.

According to Hayes, his statement was made after examining how market fluidity and political occurrences influence each other. He underscored the significant role U.S. dollar liquidity plays in shaping the crypto market, suggesting that any changes in Federal Reserve policy or operations of the U.S. Treasury could lead to temporary market turbulence.

Based on Hayes’ explanation, the initial quarter’s $57 billion net liquidity infusion might keep the bull market going for a while, but eventually, wider economic forces could cause it to correct.

Regardless of their differing opinions, all these market experts agree that liquidity plays a crucial role in the direction of the crypto market. While Ju and Davis predict an extended bullish trend with substantial profits, Hayes advises for a bumpy ride ahead. However, it’s essential for traders and investors to independently research, ensuring they maintain a balance between optimism and careful consideration.

According to data from BeInCrypto, Bitcoin is currently being traded at approximately $101,784 at the moment. This price increase, which amounts to almost 3%, has occurred since the start of trading on Tuesday.

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2025-01-07 15:42