Ki Young Ju Dismisses Concerns of Bitcoin Dropping to $16K

12/17/2024 7:16:25 AM

According to Ki Young Ju, the notion of Bitcoin (BTC) dropping back to $16,000, which was the bottom in the last cycle, is unrealistic given the current market conditions. Ju compares this to the absurdity of predicting a $3,000 BTC price when it was at $60,000. He highlights the significant institutional adoption, the introduction of Bitcoin ETFs, and substantial purchases by MicroStrategy (MSTR) as factors that make such a drop as unlikely as an asteroid hitting Earth. (Source)

Bitcoin BTC MicroStrategy Ki Young Ju ETFs

More from Undefined (@Undefined):

---