It’s Time To ‘Go All In’ On Bitcoin, Says CryptoQuant CEO – Here’s Why
Wed, 31 Mar 2021, 09:59 am UTC
Ki Young Ju, chief executive of on-chain insights platform CryptoQuant, says that it’s time to go all-in on Bitcoin.
In a new tweet, Ki Young Ju tells his 124,600 followers that he believes the time has come for him to put all his chips into the world’s largest cryptocurrency.
To support his bullish call, Ki Young Ju points to the correlation between the price of Bitcoin and the stablecoins ratio, a metric that divides BTC reserves by all stablecoin reserves stored in exchanges. According to the CryptoQuant executive, a plummeting stablecoin ratio indicates that Bitcoin and the broader crypto market may be gearing up for the next leg up.
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