CEO of market intelligence platform CryptoQuant, Bitcoin $97,678.3 and other factors that could trigger massive demand for crypto assets.
Friendly Regulation Environment
Ki Young Ju stated on the social media platform that the United States has the most optimistic management in Bitcoin history during this period and other countries will follow this direction.
“The United States has the most optimistic management so far in Bitcoin’s 15-year history. Other countries will follow his lead. Relaxed regulatory risks will pave the way for greater demand and opportunities for Bitcoin, stablecoins and crypto. “2025 looks promising.”
Ju stated that Trump’s re-election in 2016 had a positive impact on crypto assets and stated that Trump will strengthen Bitcoin.
“Trump will make Bitcoin strong.”
The Role of the Coinbase Premium Index
However, Ju emphasized that a recovery in Coinbase’s premium index is needed for crypto to truly boom.
“Friend: Who is selling Bitcoin right now? Me: Ancient whales. They have high OTC volume and exchange deposits, but I think they will not crash the market. Buying pressure is predominantly on Coinbase from US institutions, but the daily premium is at a two-year bottom. “Recovery is needed for the next rise.”
At the time of writing, Bitcoin is trading at $98,200, having increased slightly over the past 24 hours.
In light of these developments, it is evaluated that the improvement of the regulatory environment and the recovery in important market indicators may contribute positively to the future of crypto assets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
