CryptoQuant founder: The next parabolic bitcoin bull market will likely require increased allocation from institutions

Jinse Finance reported that on July 1, CryptoQuant founder and CEO Ki Young Ju posted on X that Bitcoin is very likely to experience another parabolic bull cycle. Admittedly, capital efficiency is gradually declining. In 2011, a net inflow of only $2.7 billion pushed the price up by 55,436%. In this cycle, an inflow of $697 billion resulted in only a 689% increase. For the next parabolic bull market, it is highly probable that institutions will need to increase their allocation. Bitcoin needs to become a core macro asset instead of being solely an ETF target traded mainly by retail investors. This transformation is still in its early stages, and the logic remains intact. If Bitcoin is able to absorb an additional realized market cap exceeding $1 trillion, a new surge is still possible. Currently, the total market value of gold is $27 trillion.