CandleFocus Economist Alex Krüger Says Bitcoin (BTC) ‘Highly Likely’ in a Supercycle – Here’s Why
2024-12-10
Author: Content Editor
Economist Alex Krüger believes that Bitcoin is currently in a supercycle, with a potential local top still months away. He argues that Bitcoin's fundamentals have changed due to expected regulatory changes, especially with the election of pro-crypto Donald Trump. Krüger compares this transformation to the gold market in the 1970s. He predicts that Bitcoin will surpass its previous all-time high and expects a major top around March. However, he disputes the notion of a bear market, stating that the conditions for it are not yet present. Krüger previously mentioned a potential break in the bull run in March due to US tax day. Overall, he suggests that the supercycle will continue as long as equities continue. At the time of writing, Bitcoin is trading at $96,555, down 3.7% in the last 24 hours.
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