Bitcoin Cycle Peak May Hinge on Global Institutional and Spot ETF Adoption, CryptoQuant CEO Says

BitcoinWorld Bitcoin Cycle Peak May Hinge on Global Institutional and Spot ETF Adoption, CryptoQuant CEO Says CryptoQuant CEO Ki Young Ju has suggested that the peak of the current Bitcoin bull cycle may largely depend on the pace of institutional capital inflows outside the United States and the broader adoption of spot Bitcoin exchange-traded funds (ETFs).

In a series of posts on social media, Ju highlighted that while the U.S. has led institutional adoption so far, other countries are likely to expand their participation in the coming years. Institutional Adoption Beyond the U.S.

Ju pointed out that the United States has been the primary driver of institutional Bitcoin investment, particularly following the approval of spot Bitcoin ETFs in early 2024.

However, he emphasized that other regions, including Asia and Europe, are still in the early stages of developing similar products and infrastructure.