{"id":134402,"date":"2024-07-29T19:00:29","date_gmt":"2024-07-29T16:00:29","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134402"},"modified":"2024-07-29T15:27:58","modified_gmt":"2024-07-29T12:27:58","slug":"bitcoin-expected-to-enter-new-supercycle-driven-by-wall-street","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-expected-to-enter-new-supercycle-driven-by-wall-street\/","title":{"rendered":"Bitcoin Expected to Enter New Supercycle, Driven by Wall Street"},"content":{"rendered":"
In a recent podcast interview<\/a><\/strong>, Kr\u00fcger highlighted how Wall Street\u2019s involvement and the introduction of exchange-traded funds (ETFs) have transformed the market landscape.<\/p>\n Kr\u00fcger 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%.<\/p>\n The increasing presence of traditional financial institutions is driving up demand for Bitcoin<\/a><\/strong>, Kr\u00fcger notes. He anticipates that asset managers will advocate for higher Bitcoin allocations in portfolios, considering it as an emerging asset similar to “digital gold.”<\/p>\n