Bitcoin Expected to Enter New Supercycle, Driven by Wall Street
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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.
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