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Bitcoin Expected to Enter New Supercycle, Driven by Wall Street

29.07.2024 19:00 1 min. read Alexander Stefanov
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Bitcoin Expected to Enter New Supercycle, Driven by Wall Street

Alex Krüger, a well-known economist, predicts that Bitcoin is entering a new “supercycle,” marking a significant shift in the cryptocurrency market.

In a recent podcast interview, Krüger highlighted how Wall Street’s involvement and the introduction of exchange-traded funds (ETFs) have transformed the market landscape.

Krüger suggests that the current market phase will feature less severe corrections compared to past cycles. While he acknowledges that market dips will still occur, they are expected to be less extreme and more manageable, with corrections likely limited to around 20%.

The increasing presence of traditional financial institutions is driving up demand for Bitcoin, Krüger notes. He anticipates that asset managers will advocate for higher Bitcoin allocations in portfolios, considering it as an emerging asset similar to “digital gold.”

Krüger remains confident in the supercycle theory as long as Bitcoin’s market value remains a small fraction of gold’s and it continues to be underrepresented in investment portfolios.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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