Odaily Planet Daily reports that Ki Young Ju, founder and CEO of Cryptoquant, said the peak of Bitcoin’s current bull cycle may be driven by institutional funds and ETF demand outside the United States. He noted that deeper stablecoin liquidity and tokenized asset infrastructure will expand global market participation.
Ki Young Ju cited South Korea as an example, noting that the country currently has no spot Bitcoin ETFs, retail investors cannot purchase overseas-listed spot Bitcoin ETFs, and most companies are unable to open trading accounts to buy BTC. South Korea has gradually opened up corporate participation, with the Financial Services Commission’s (FSC) roadmap covering approximately 3,500 listed companies and qualified professional investors, but financial institutions and other businesses remain excluded.
Strategy's Bitcoin bank evaluated 25 major institutions spanning trading, custody, digital asset products, financing, and corporate participation, achieving an overall adoption rate of 32%. As of August 29, data from RWA.xyz shows that the total value of tokenized assets globally amounted to $38.63 billion, representing a 2.65% increase over the past 30 days.
The Bank for International Settlements (BIS) stated that stablecoins have the potential to enable faster, programmable payments, but current designs may pose risks to financial integrity, liquidity, and monetary stability. Ki Young Ju noted that prior to the launch of U.S. spot Bitcoin ETFs, cumulative net inflows amounted to approximately $57 billion over two years; the next phase will be global institutionalization, with more institutions adding BTC as a strategic asset, and countries without ETFs will improve their investment channels. (Bitcoin.com News)