Bitcoin Bull Market to Last Until Mid-2025, Says CryptoQuant CEO

Bitcoin’s current bull market could keep running for another year, according to Ki Young Ju, CEO of blockchain analytics platform CryptoQuant. He’s basing this prediction on the realized price of Bitcoin held in accumulation addresses.

What’s the deal with realized price? It’s basically the average price of all Bitcoins in circulation, calculated based on the last time they were moved. Accumulation addresses are wallets that have received Bitcoin but haven’t spent it yet.

Ju says past bull markets have lasted about 18 months
, and this one started four months ago. He’s confident that the bull market is still in its early stages.

Mt. Gox Repayments Not Affecting Bitcoin Price

Ju also claims that the recent distribution of Bitcoin to creditors of the defunct Mt. Gox exchange is having no impact on the price
. He says there’s no unusual price movement or trading volume on Kraken, a major cryptocurrency exchange, which suggests the Mt. Gox payouts aren’t causing any major disruption.

Bitcoin’s price is currently down slightly, but Ju insists that this is unrelated to the Mt. Gox situation. He says the Bitcoin supply released by Mt. Gox is just part of the existing supply and is simply reacting to overall market sentiment.
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