Bitcoin Predicted to Enter Supercycle with Shorter Corrections
Economist and trader Alex Krüger has expressed an optimistic outlook for Bitcoin (BTC), despite the cryptocurrency's current value being 14% below its all-time high.
In a recent interview on the Unchained podcast, Krüger discussed his belief that Bitcoin is far from reaching its peak and has substantial room for growth.
Krüger pointed to the approval of spot Bitcoin exchange-traded funds (ETFs) in early 2024 as a significant turning point. He argued that this development could alter Bitcoin’s historical four-year price cycles tied to the halving events.
According to him, the introduction of ETFs and the corresponding market flows will likely lead to a stronger and more sustainable correlation between Bitcoin and traditional risk assets.
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Krüger further elaborated on the idea of a “supercycle” for Bitcoin, suggesting that the effects of the halving might diminish as ETFs gain prominence in the market.
He explained that while this shift might lead to less dramatic cycles, it could also bring shorter, more manageable corrections, particularly if the broader stock market and economy remain stable. He emphasized that, in his view, the smaller pullbacks would be brief and less severe, contributing to a more resilient long-term trend for Bitcoin.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
