tl;dr
A widely followed economist, Alex Krüger, believes that Bitcoin is currently in an extended bull market and that demand for BTC will exceed market supply, leading to a six-figure price tag. He also notes that inflows from spot market exchange-traded funds (ETFs) can push Bitcoin to greater heights, ...
A widely followed economist, Alex Krüger, believes that Bitcoin is currently in an extended bull market and that demand for BTC will exceed market supply, leading to a six-figure price tag. He also notes that inflows from spot market exchange-traded funds (ETFs) can push Bitcoin to greater heights, despite potential bearish signals. Krüger predicts that Bitcoin may rally to as high as $85,000 and then experience a 35% devaluation, with a corrective move likely close to the April 2024 halving. Additionally, he is bullish on various crypto categories. At the time of writing, BTC is trading for $68,540.
Bitcoin (BTC) is now in the midst of an extended bull market, with traders and investors absorbing any sell pressure, according to widely followed economist Alex Krüger. He believes that Bitcoin is in a supercycle and that demand for BTC will overwhelm market supply en route to a six-figure price tag. Despite potential bearish signals, Krüger notes that inflows from spot market exchange-traded funds (ETFs) can drive Bitcoin to greater heights. He also anticipates that Bitcoin may rally to as high as $85,000 before experiencing a 35% devaluation, with a corrective move likely close to the April 2024 halving. Additionally, Krüger is bullish on various crypto categories and is predicting higher prices by year-end and much higher prices by the end of the cycle. At the time of writing, BTC is trading for $68,540.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.