Related Reading: Here’s What To Know On Grayscale Bitcoin & Ethereum ETF Spinoffs – Details Michael Dell, An Emerging Powerful Bitcoin Ally Finally, Fred Kreuger postulates that Michael Dell, an American billionaire and CEO of Dell Incorporated is likely also acquiring Bitcoin following his recent support of the asset in the past few weeks.With a net worth of $99.2 billion, the analyst theorizes that Dell’s potential voyage into the BTC market should serve as a bullish signal for investors.
Eventually, Kreuger believes these ETFs, currently worth over $17 billion, will be added to the general trading platforms of these banks which could result in higher levels of inflows. Another reason for Kreuger’s bullish stance on Bitcoin is the crypto bull market cycle which he postulates is already halfway gone.
Like many enthusiasts, he reckons that the election of Trump could provide the much-needed support of Bitcoin from the US government. Moving on, Fred Kreuger states there is a 100% chance the US Federal Reserve will implement a rate cut in September which will grant investors leverage to seek volatile assets such as Bitcoin.
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