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

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ME News message: On July 1 (UTC+8), the CEO of CryptoQuant said in a post that Bitcoin’s capital efficiency has continued to decline. In 2011, only $5 million in net inflows was needed 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 tens of trillions of dollars, and that Bitcoin needs to transition from retail-led ETF trading to becoming a core macro asset. If Bitcoin’s actual market cap can break through $1 trillion, the next bull market could still happen. Meanwhile, gold’s current market cap has reached $27 trillion, leaving significant room for growth in comparison. (Source: ChainCatcher)
BTC2.53%
GLDX1.04%
PAXG1.02%
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