EddieJayonCrypto
10 Jan 25
Renowned economist and trader Alex Krüger believes Bitcoin (BTC) has significant potential for growth, despite currently being 14% below its all-time high. In a recent Unchained podcast, Krüger expressed bullish sentiment, suggesting that Bitcoin is far from reaching a cycle top. He anticipates the ...
Economist and trader Alex Krüger is bullish on Bitcoin, citing potential for upside and dismissing the idea of a cycle top. He anticipates that the approval of spot Bitcoin ETFs in 2024 could impact Bitcoin's market cycles and correlation with risk. Krüger suggests changing market conditions for Bitcoin due to a lesser halving impact and the introduction of ETFs. While he notes the possibility of a super cycle, he cautions that it doesn't guarantee only upward movement.
Bitcoin is currently trading at $93,134, approximately 10% below its 2025 high of $102,000. Krüger believes Bitcoin has significant potential for growth and is not close to a cycle top. He predicts that the introduction of spot Bitcoin ETFs could disrupt the typical four-year cycles linked to halving events, leading to a potential "super cycle." However, he emphasizes that this doesn't ensure continuous upward movement, but may result in smaller and shorter drawdowns, contingent on equities and the economy's performance.