Popular trader and economist Alex Krüger says he is currently “big buy” in the cryptocurrency market.
kruger says He has 173,800 followers on social media platform
The economist points out that they are soon looking to “de-risk.” However, he acknowledges that Bitcoin (BTC) could plummet below $59,000 and then fall to $52,000. BTC is trading at $57,093 at the time of writing, down more than 4.5% in the last 24 hours.
Describe Kruger.
“I am not immune to bear attacks. My bigger picture perspective has not changed: a new ATH (for Bitcoin) will be released later this year. The end-of-cycle view makes little sense to me. “A correction was expected,” he said.
Economists also note He holds positions in layer-1 blockchains Solana (SOL), Toncoin (TON), Aptos (APT), and Core (CORE), as well as decentralized data storage protocols Arweave (AR) and Bittensor (TAO). It is a blockchain platform focused on machine learning and AI.
Krüger added that APT, CORE, AR and TAO are “much more dangerous” than SOL and TON.
Economists also note Bitcoin reacted weakly to the U.S. Federal Open Market Committee (FOMC) statement on Wednesday.
“It is very rare for prices to completely reverse immediately after a press conference. And it was bearish because the FOMC was dovish. And now you’re stuck all day. One silver lining is that BTC is trading in line with stocks.”
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