Bitcoin’s Bullish Outlook: Could It Reach $265,000?
Network Fundamentals and Hashrate Ki Young Ju, CEO of CryptoQuant, predicts that Bitcoin’s price could skyrocket to $265,000. He believes that the cryptocurrency’s network fundamentals, particularly the Hashrate/Market Cap ratio, support this bullish outlook. Comparison to Previous Market Cycle Young Ju notes that Bitcoin’s hash rate is currently three times higher than it was at…