A well-known economist, Alex Krüger, believes that the current Bitcoin (BTC) and crypto bull market still has room to grow. Despite some investors feeling disappointed due to the different nature of this cycle compared to previous ones in terms of timing and magnitude, Krüger suggests looking at the bigger picture. He argues that crypto is in the midst of a supercycle, which he believes will eventually lead to higher prices.
Krüger points out that while the supercycle theory applies to Bitcoin and the overall crypto market, not all altcoins will benefit equally. He advises investors to be selective and not expect every cryptocurrency to experience sustained growth. Additionally, he mentions that Bitcoin may experience pullbacks along the way, but they are likely to be smaller compared to traditional equities.
When it comes to specific cryptocurrencies, Krüger highlights Solana (SOL) as the “fastest horse” in the race, but warns about upcoming heavy unlocks that could increase the token’s supply. As for Ethereum (ETH), he suggests that the platform needs a boost in value capture from layer-2 solutions and more killer applications to drive bullish momentum.
Looking at the broader altcoin market, Krüger predicts a new altseason on the horizon, although it may not be as explosive as previous ones. He notes that negative positioning and sentiment are currently prevalent, but a catalyst could trigger a sudden surge in altcoin prices.
In conclusion, Krüger’s insights offer a valuable perspective on the ongoing crypto market trends. By staying informed and being strategic in their investments, crypto enthusiasts can navigate the ever-evolving landscape with confidence. Stay tuned for more updates on market developments and trends.