CryptoQuant CEO: Bitcoin capital efficiency continues to decline, the next bull market depends on deep institutional entry

Mars Finance News reports that the CEO of CryptoQuant stated in a post that Bitcoin’s capital efficiency is continuously declining. In 2011, net inflows of only $5 million were enough to drive the price to double, while in this cycle it would take about $101 billion to achieve the same effect. He believes that the next parabolic bull market cycle may require net capital inflows on the scale of trillions of dollars, and that Bitcoin needs to shift from being dominated by retail-led ETF trading to becoming a core macro asset. If Bitcoin’s actual market cap can break above $1 trillion, the next bull market is still expected to happen, while gold’s current market cap is already $27 trillion—making the growth potential still substantial in comparison.
BTC-1.15%
GLDX-0.96%
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