Alex Krüger, a well-known economist and trader, is predicting a Bitcoin supercycle, even though the price is still below its all-time high. He believes Bitcoin’s potential is far from tapped out.
ETF Impact and Changing Cycles
Krüger’s bullish outlook is largely based on the potential impact of Bitcoin exchange-traded funds (ETFs). He argues that the anticipated approval of spot Bitcoin ETFs in early 2024 could significantly alter Bitcoin’s behavior. Instead of following the traditional four-year cycles tied to halving events, the influx of capital from ETFs could create a more sustained market. He explains that this makes the correlation between Bitcoin’s price and overall market risk more stable.
Supercycle Doesn’t Mean Only Up
While Krüger is betting on a supercycle, he cautions that it doesn’t mean a straight upward trajectory. He expects shorter and less severe corrections, as long as the stock market and the overall economy remain healthy. Essentially, smaller dips and faster recoveries are anticipated.
Current Market Situation
At the time of writing, Bitcoin is trading slightly below its 2025 high. While Krüger’s prediction is optimistic, it’s important to remember that cryptocurrency markets are inherently volatile, and any investment carries risk.
