Closely followed trader and economist Alex Krüger says new all-time highs for Bitcoin (BTC) are likely just around the corner.
Krüger tells his 169,000 followers on the social media platform X that the daily market structures of several large-cap crypto assets are all clearly bullish.
Based on the charts, Krüger says he’s expecting a new all-time high for Bitcoin soon.
“Crypto daily charts all very bullish
Expecting Bitcoin ATHs (all-time highs) soon.”
Zooming in, Krüger has his eye on Core (CORE), a layer-one blockchain that uses a proof-of-work (POW) and proof-of-stake (POS) hybrid consensus mechanism called satoshi plus.
Krüger predicts that CORE will exceed the market cap of Stacks (STX), another altcoin that leverages the Bitcoin ecosystem.
“CORE will flip STX.
3x achieved, 4x to go.”
At time of writing, CORE is trading at $2.74, up 72% in the last 24 hours.
Krüger recently said that TradFi portfolio managers have three options when it to Bitcoin. According to the economist, portfolio managers who do not accumulate Bitcoin will underperform those who choose to get Bitcoin exposure.
“Traditional finance portfolio managers have three options:
1) Buy Bitcoin now
2) Buy Bitcoin later
3) Underperform for the next decade.”
At time of writing, Bitcoin is trading for $69,554, down 1.79% in the past day.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: DALLE3
