Closely followed trader and economist Alex Krüger says new all-time highs for Bitcoin (BTC) are likely just around the corner.
Krüger tells his 169,000 followers on social media platform X that the daily market structures of various large-cap crypto assets are all clearly bullish.
Based on the charts, Krüger says he expects a new all-time high for Bitcoin soon.
“Crypto daily charts are all very bullish
I expect Bitcoin ATHs (all-time highs) soon.
Zooming in, Krüger has his eye on Core (CORE), a layer-one blockchain that uses a proof-of-work (POW) and proof-of-stake (POS) hybrid consensus mechanism called satoshi plus.
Kruger predicts that CORE will exceed the market cap of Stacks (STX), another altcoin that leverages the Bitcoin ecosystem.
“CORE will turn STX around.
3 times achieved, 4 more times to go.”
At the time of writing, CORE is trading at $2.74, up 72% in the last 24 hours.
Krüger recently said that TradFi portfolio managers have three options when it comes to Bitcoin. According to the economist, portfolio managers who do not accumulate Bitcoin will underperform those who choose to gain Bitcoin exposure.
“Traditional financial portfolio managers have three options:
1) Buy Bitcoin now
2) Buy Bitcoin later
3) Underperform for the next decade.”
At the time of writing, Bitcoin is trading at $69,554, down 1.79% in the past day.
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