Bitcoin can survive another price crash as it has done so many times in the past, reassured the CEO of CryptoQuant, Ki Young Ju.<\/p>\n
However, he envisions another major threat for the asset \u2013 boredom, and he linked it to Strategy\u2019s STRC shares, which have raised some eyebrows in the past few weeks.<\/p>\n
If you have followed the cryptocurrency industry for a few (or more) years, you are probably aware of its intense volatility at times. Bitcoin has been the object of some mind-blowing fluctuations, up or down. Of course, the skyrocketing liquidations on the way down are usually the ones people read about, and don\u2019t get me wrong, there have been plenty of instances in which the asset has tumbled by double digits daily. However, it has also risen in the opposite direction violently before.<\/p>\n
Naturally, the current market state and the past several months, starting with the early October massacre<\/a>, the February calamity, and the June crash, are examples of bear-dominated trends. Nevertheless, BTC has managed to withstand all of those and has (for now) returned stronger than before.<\/p>\n Consequently, CryptoQuant\u2019s chief exec didn\u2019t seem too bothered about the potential of another crash. However, he believes<\/a> boredom could pose a more profound threat, especially if Strategy\u2019s controversial Stretch (STRC) fails to operate as intended.<\/p>\n \u201cStrategy\u2019s STRC structure becomes truly dangerous not when Bitcoin simply crashes, but when Bitcoin spends years moving sideways, and the bear market drags on.\u201d<\/p>\n He added that \u201clong stagnation kills the story,\u201d as BTC can survive another crash if the market still believes in the next leg up. However, weak demand due to stagnation leads to compressed MSTR premium and makes \u201cSaylor\u2019s capital-raising machine much harder to sustain.\u201d<\/p>\n Young Ju further explained that the real challenge for Saylor and his company is not just to keep buying bitcoin, but to give the market \u201ca new reason to believe.\u201d<\/p>\n \u201cAfter nearly a decade in this industry, I\u2019ve realized Bitcoin\u2019s core has not really changed. What changes every cycle is the story around why BTC price should keep going up. But, most of those stories now feel exhausted.\u201d<\/p>\n He warned that BTC failed to serve as digital gold when it was needed, as it traded like a tech stock. It was supposed to be freedom money built by cypherpunks, but many OGs are now shilling other coins. It also faces the rising threat of advanced quantum computing.<\/p>\n Although he remains a firm believer that \u201cthe pool of capital that could flow into Bitcoin is massive,\u201d he noted that the \u201csense of an inevitable catalyst feels much weaker\u201d now compared to 10 years ago.<\/p>\n \u201cIt\u00a0makes me a little sad to see the ideas that originally pulled me in gradually get consumed and diluted: freedom money, energy money, and institutional adoption.\u201d<\/p>\n The post Bitcoin\u2019s Biggest Risk Is Boredom, Not Another Price Crash: CryptoQuant CEO<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin can survive another price crash as it has done so many times in the past, reassured the CEO of CryptoQuant, Ki Young Ju. However, he envisions another major threat for the asset \u2013 boredom, and he linked it to Strategy\u2019s STRC shares, which have raised some eyebrows in the past few weeks. Boredom, Not […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-184512","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/184512"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=184512"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/184512\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=184512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=184512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=184512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A Reason to Believe<\/h2>\n