Bitcoin network fundamentals have what it takes to support 3x market valuation
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Young Ju believes the network fundamentals at this time are better than in November 2021, when Bitcoin blew past the $69,000 all-time high .network fundamentals could support a market cap three times its current size compared to the last cyclical top, potentially sustaining a price of $265K.This time around, there are various spot Exchange Traded Funds backing the asset. This product effectively opens Bitcoin up to the general traditional financial ecosystem.
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