Cryptoquant founder: Bitcoin's own oxen peak will be driven by global agency and ETF demand

The Cryptoquant founder and CEO Ki Young Ju states that the peak of Bitcoin's own cattle market will be driven by agency funding outside the United States and ETF demand, and that deeper stable currency liquidity and a monetized asset infrastructure will increase global market participation. Ki Young Ju cited the example of Korea, where there is a shortage of spot bitcoin ETF, where most enterprises are unable to purchase BTC, and where the Financial Services Commission (FSC) road map covers about 3,500 listed companies and qualified professional investors, but financial institutions are still excluded. The Bitcoin Bank of Strategy used an index showing an overall adoption rate of 32 per cent for 25 major institutions. As at 29 August, RWA.xyz data showed a global monetized asset value of $38.633 billion, an increase of 2.65 per cent over 30 days ago. The Bank for International Settlements (BIS) indicated that there was potential for fast-disbursing stable currencies, but that the current design could entail financial integrity, liquidity and currency risks. Ki Young Ju notes that the cumulative net inflow of real bitcoin ETF in the United States is about $57 billion two years before its listing, and that the next phase will be global institutionalization, with more agencies using BTC as a strategic asset. (Bitcoin.com News)