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'Bitcoin Would Have Fallen to $22,000 Without Massive Purchases of Spot ETFs and Strategy,' Argues Cryptoquant Founder

2026/06/07 20:28
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Written by L.Kikutani
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'Bitcoin Would Have Fallen to $22,000 Without Massive Purchases of Spot ETFs and Strategy,' Argues Cryptoquant Founder

The Theory of Avoiding a Drop to $22,000 in Bitcoin

Ki Young Ju, the founder of the cryptocurrency data analysis platform Cryptoquant, posted on the 6th that if not for the support from strategy founder Michael Saylor and Bitcoin spot ETFs, Bitcoin could still have been around $22,000. He shared this insight in response to comments by U.S. financial entertainer Jim Cramer, who suggested that 'Mr. Saylor has ended Bitcoin...'

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Iolite Vol.20

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MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.