Economist Alex Krüger, Bitcoin $97,364.3He noted that ‘s are probably in a supercycle and the local peak is still a few months away.
Crypto and Regulations
Krüger noted to his followers on social media platform X that the fundamentals of Bitcoin are now different from previous cycles due to anticipated regulatory changes.
Krüger suggested that the election of crypto-friendly Donald Trump would lead US regulators to embrace Bitcoin. Trump will be inaugurated as US president next month and is choosing pro-crypto figures in his cabinet.
Super Cycle and Comparison with the Past
Krüger stated that Bitcoin is in a super cycle and the crypto industry has experienced significant fundamental changes compared to previous periods.
“Stop comparing this cycle to previous cycles. There is a high probability that Bitcoin will be in a super cycle. “The crypto industry has experienced its most dramatic change in history, going from a government-hated pariah to one of the top government-adopted industries in a matter of weeks.” –Alex Krüger
Krüger noted that no other asset has undergone a similar market transformation in recent times, perhaps with the exception of gold in the 1970s.
“The change is so extreme that it is difficult to find anything similar in modern times. Maybe gold in the 1970s is an example. The 1970s were a transformative decade for gold. Nixon’s ending of the Gold Standard and dissolution of Bretton Woods in 1971 increased gold prices from $35 per ounce to as high as $850.” –Alex Krüger
Krüger stated that Bitcoin could exceed its last record price of approximately $103,700, which it reached on December 5.
A major local peak is expected in March, but this is not the beginning of bear markets, Krüger said.
“It is reasonable to expect a major local peak in March, which I have discussed in my previous posts. However, one should not equate a major peak with the beginning of a bear market. Maybe we will experience such a bear market, anything is possible. However, the conditions for this have not yet been met. “Also, it is too early to wait for the peak.” –Alex Krüger
These developments in the Bitcoin market bring to the agenda the possibility of an increase in the value of Bitcoin due to the expected changes in the regulatory environment of investors and the effect of the super cycle. However, it is important to act by taking into account the volatile structure of the market and economic factors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
