This Catalyst Will Unlock Massive Demand for Bitcoin and Other Digital Assets, Says CryptoQuant CEO

The CEO of market intelligence platform CryptoQuant identifies what might unlock huge demand for Bitcoin (BTC) and different crypto belongings.

In a brand new thread on social media platform

“The US now has essentially the most bullish authorities in Bitcoin’s 15-year historical past. Different international locations will observe his instance. Relaxed regulatory dangers will unlock larger demand and alternative for Bitcoin, stablecoins and crypto. 2025 appears promising.”

In accordance with Ju, the final time Trump gained in 2016, the highest crypto asset by market capitalization responded positively. Ju Says Trump Will Make Bitcoin ‘Sturdy’

Nonetheless, Ju additional notes that the crypto king must get better from Coinbase’s premium index to essentially skyrocket. The premium index is a metric utilized by Coinbase to measure retail demand for BTC.

“Buddy: Who’s promoting Bitcoin now? Me: Previous whales. Excessive OTC quantity and alternate deposits, however for my part they won’t crash the market. The shopping for stress comes primarily from US establishments on Coinbase, however the each day premium is at a two-year low. Wants restoration for the following stage.”

The important thing digital asset is buying and selling at $97,939 on the time of writing, up fractionally over the previous 24 hours.

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Featured picture: Shutterstock/Sensvector/Catalyst Labs