Ki Young Ju called it:
“Bitcoin likely has another parabolic cycle ahead. Yes, capital efficiency is declining. In 2011, just $2.7B in net capital inflows drove a 55,436% price increase. This cycle, $697B produced a +689% return.”
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Post on X by CryptoQuant founder Ki Young Ju arguing Bitcoin's capital efficiency is falling but another parabolic cycle remains possible with deeper institutional allocation.
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