The US is on track to become the biggest Bitcoin holder again, according to CryptoQuant CEO Ki Young Ju. He says this is happening because of the growing demand for Bitcoin spot ETFs.
Bitcoin’s Resilience
Ju believes Bitcoin has weathered all the recent storms, including the Mt. Gox and German Bitcoin sell-offs, without taking a major hit. He says the market has absorbed these events well.
CZ’s Release Sparks Bullish Vibes
The early release of former Binance CEO Changpeng Zhao (CZ) from prison is giving off a positive vibe for the market. Ju thinks CZ’s return could trigger a market-wide rally. CZ was sentenced to prison in May for violating anti-money laundering laws.
Disclaimer: This information is for general knowledge and not financial advice. Always do your own research before investing in crypto.
/p>
