CryptoQuant CEO: Bitcoin Expected to See Next Parabolic Surge, but Requires Deeper Institutional Allocation

CoinFeed reported on July 1 that CryptoQuant CEO Ki Young Ju stated on X that Bitcoin is likely to see another parabolic surge. Although capital efficiency is declining—in 2011, a net capital inflow of only $2.7 billion drove a 55,436% increase, while this cycle's $697 billion brought only a 689% return—he believes the next parabolic bull market requires deeper institutional allocation, and Bitcoin must become a core macro asset, not just an ETF trading product driven by retail investors. Ki Young Ju said this shift is still in its early stages and has yet to be disproven. If Bitcoin can absorb over $1 trillion in realized market cap, another parabolic surge is still possible. Currently, gold's market cap is about $27 trillion.