Economist Alex Krüger is betting big on the crypto market, saying he’s “max long” with concentrated positions.
Altcoin Picks
Along with Bitcoin, Krüger is also bullish on layer-1 blockchains like Solana, Toncoin, Aptos, and Core. He also holds positions in Arweave, a decentralized data storage protocol, and Bittensor, a blockchain platform focused on AI.
Bitcoin Outlook
Despite Bitcoin’s recent dip, Krüger believes it could still reach new highs later this year. He acknowledges the possibility of a further drop to $52,000 but sees it as a correction.
FOMC Impact
Krüger notes that Bitcoin’s bearish response to the Federal Reserve’s FOMC statement is unusual and suggests trapped longs. However, he finds solace in the fact that Bitcoin is trading in line with equities.
De-Risking Plan
Krüger plans to de-risk soon but believes the crypto market still has room to grow. He cautions that altcoins like Aptos, Core, Arweave, and Bittensor carry higher risks than Solana and Toncoin.
