Alex Krüger, a well-known economist, believes that Bitcoin is currently experiencing a "supercycle," with its peak still several months away.
Unlike previous cycles, he sees this rise as being driven by a shift in the regulatory environment, particularly the changing stance of the U.S. government. With the election of pro-crypto president Donald Trump and his appointment of supportive figures to key roles, Krüger expects the regulatory landscape to become more favorable for Bitcoin. He compares this shift to the 1970s gold boom after the U.S. left the gold standard, which propelled gold prices to new heights.
Krüger also suggests that Bitcoin is on track to surpass its most recent all-time high of approximately $103,700. While he anticipates a potential pullback around March, coinciding with tax deadlines in the U.S., he emphasizes that this should not be seen as the start of a bear market.
Instead, he views Bitcoin’s market trajectory as fundamentally different from past cycles, with longer-lasting bull runs. According to Krüger, the old four-year cycle is no longer relevant, and Bitcoin’s growth could continue as long as the broader economy and equities remain stable.
This outlook is supported by a wider shift in global financial systems, where Bitcoin’s increasing institutional adoption and recognition as a legitimate asset class continue to drive demand.
As governments and corporations explore Bitcoin’s potential as a store of value and hedge against inflation, Krüger believes Bitcoin’s current bull run could extend for months or even years, fueled by growing mainstream acceptance. Despite the volatility, the underlying trend seems clear: Bitcoin’s place in the global financial ecosystem is becoming more entrenched, suggesting the supercycle may be far from over.
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