CryptoQuant: BTC “Bull Run Has Started” – 3x to 5x Cycle Outlook | Ki Young Ju

CryptoQuant CEO Ki Young Ju says Bitcoin’s bull run has begun, with a potential 3x–5x cycle gain. VanEck’s Matthew Sigel separately argues that a path to $500,000 BTC runs through further gold appreciation, framing the outlook as dependent on broader store-of-value demand. These are bullish projections, not confirmed outcomes; the key implication is that analysts see room for substantial upside if the cycle and gold-linked thesis hold.