The CEO of CryptoQuant, Ki Young Ju, recently shared insights on what could potentially drive significant demand for Bitcoin and other cryptocurrencies in the near future. According to Ju, the upcoming year of 2025 holds great promise for digital assets, especially with the anticipated change in administration in the United States.
Ju highlighted that the incoming Donald Trump administration is expected to create a more favorable regulatory environment for cryptocurrencies, which could unlock greater demand and opportunities for Bitcoin, stablecoins, and other crypto assets. He emphasized that the current administration is the most bullish towards Bitcoin in the 15-year history of the digital currency, and this sentiment is likely to influence other countries to follow suit.
Drawing parallels to the previous Trump administration in 2016, Ju pointed out that Bitcoin responded positively to Trump’s victory back then. He expressed confidence that Trump’s leadership will make Bitcoin stronger in the years to come. However, Ju also noted that Bitcoin needs to regain strength on Coinbase’s premium index to experience a significant surge in value.
The premium index on Coinbase serves as a metric to assess retail demand for Bitcoin, and Ju highlighted that the current daily premium is at a two-year low. He attributed the selling pressure on Bitcoin to old whales, with high over-the-counter (OTC) volume and exchange deposits. Nonetheless, Ju believes that U.S. institutions on Coinbase are the primary driving force behind the buying pressure for Bitcoin.
As of the time of writing, Bitcoin is trading at $97,939, showing a slight increase in value over the past 24 hours. Ju’s analysis suggests that a recovery in Coinbase’s premium index could pave the way for the next significant price surge for Bitcoin.
In conclusion, Ju’s insights shed light on the potential impact of regulatory developments and institutional demand on the future of Bitcoin and other cryptocurrencies. With the right market conditions and regulatory support, the digital asset market could witness substantial growth and adoption in the coming years.
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