Bitcoin Is ‘Highly Likely’ In A Supercycle: Expert Explains Why

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Related Reading: Bitcoin Nears $100,000: Market Expert Predicts $200K Surge Amid Retail FOMO And Volatility Krüger also referred to the rapid evolution of the Bitcoin and crypto sector, noting that it transitioned “from a barely legal pariah detested by the state, to one of the top industries embraced by the state” within weeks—a change he describes as “so extreme it’s hard to find comparables in modern times.” Drawing parallels to historical financial shifts, Krüger highlighted the transformative impact of the 1970s on gold.

With regard to President-elect Donald Trump‘s pro-Bitcoin U-turn and his plan to establish a strategic Bitcoin reserve, Krüger remarked: "Do yourself a favor and stop comparing this cycle to prior cycles.

Krüger articulated his perspective via X, emphasizing the distinct trajectory Bitcoin is currently undertaking compared to previous market cycles.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Bitcoin Btc Bitcoin Supercycle Btc price Bitcoin BTC news Bitcoin price Bitcoin news Alex Kruger

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 16:00:56 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 591 words

Reading Time: 4 minutes read

Sentences: 79 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 24284223

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