A well-known economist is predicting a major shift in Bitcoin’s price trend, and it’s good news for investors. Alex Krüger, who’s known for his insights on the crypto market, says Bitcoin’s recent climb back above $60,000 is a sign of things to come.
Krüger’s Bullish Outlook
Krüger believes that Bitcoin’s recent dip to the $50,000 range, caused by concerns over the Mt. Gox repayments and German government Bitcoin sales, won’t stop the upward trend. He says the market can easily absorb these new Bitcoin releases without a major impact.
Mt. Gox Repayments Won’t Derail Bitcoin
Krüger breaks down the Mt. Gox situation, explaining that only a portion of the 141,000 Bitcoin will be released in the next 90 days. He estimates that even if a significant portion of these Bitcoins are sold, it won’t be enough to significantly impact the overall market.
Bitcoin’s Future
With Bitcoin currently trading at $63,984, Krüger’s prediction of a continued upward trend has many investors excited. However, it’s important to remember that the crypto market is volatile and predictions are not guaranteed.
Remember: Always do your own research and invest responsibly.
/p>
