Ki Young Ju says BTC cycle peak may hinge on global institutional and spot ETF adoption

CryptoQuant CEO Ki Young Ju said the peak of the current Bitcoin bull cycle may depend largely on institutional capital inflows from outside the United States and wider adoption of spot ETFs. Ju said the United States has so far led institutional adoption of Bitcoin, while institutional investment and spot ETF investment are likely to expand more fully in other countries going forward. Ju added that South Korea still has no spot Bitcoin ETF, retail investors cannot buy overseas ETFs, and companies have difficulty even opening exchange accounts. If those restrictions are lifted and infrastructure tied to stablecoin liquidity and real-world assets grows, more institutions are likely to hold BTC, Ju said. Ju added that this cycle’s top may come when a South Korean regional bank employee recommends a spot Bitcoin ETF to a grandmother as a savings product.