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Cryptocurrency News Articles
Bitcoin (BTC) Maxi Fred Krueger Predicts a Bull Run Targeting $300K or $180K By December 2025
Sep 21, 2024 at 09:00 am
The cryptocurrency industry could be gearing up for a remarkable cycle as a market expert has claimed that the long-awaited Bitcoin bull run is finally starting.
Renowned market expert has signaled the beginning of a massive bull case for Bitcoin (BTC), predicting a potential 5x surge in the cryptocurrency's price over the next year.
In a recent post on the X (formerly Twitter) platform, Bitcoin maxi and investor Fred Krueger shared his bullish outlook for BTC, highlighting key factors that could drive the digital asset to new highs.
Krueger pointed to increasing adoption, macroeconomic conditions, and the upcoming US presidential election as crucial elements shaping BTC's price trajectory.
According to the expert, if former President Donald Trump wins the election, there will be a Bitcoin reserve, chokepoint 2.0 will be repealed, and rates will drop to 2% very quickly. He assigns a 55% probability to this scenario.
On the other hand, if Vice President Kamala Harris wins, Krueger predicts that rates will drop to 2.80% before the end of next year, and the uncertainty around the election will conclude, leading to a 3x price rally to $180,000 for BTC by December 2025.
Krueger's BTC price prediction would propel the cryptocurrency's total market cap from the current $1 trillion to approximately $4 trillion. This implies that over $100 billion in new capital must be entering the flagship asset, using a 30x multiplier, as noted by the investor.
Despite the seemingly bold projection, Krueger expressed confidence in its possibility, considering the historic Spot Bitcoin Exchange-Traded Funds (ETFs), Federal Reserve (Fed) interest rate cuts, and the $6 trillion in US financial markets.
In an interview on the iHeart Radio show about how Bitcoin would fare in the Trump and Harris scenarios, Coin Stories Podcast host Natalie Brunell asked Mark about his thoughts on the market crashing this year.
Mark predicted an impending market crash. However, in this scenario, a reverse crash, which he called an inflationary crash, would reduce the standard of living while the prices of assets would go up.
He explained that if Trump wins the presidency again, there will be a Bitcoin standard, and rates will drop to 2%. But, if Harris wins, there will be no Bitcoin standard, and rates will drop to 2.80% before the end of next year.
Krueger, who generally agreed with Mark's analysis, added that if Trump wins, there will be a Bitcoin reserve, chokepoint 2.0 will be repealed, and rates will drop to 2% very quickly. He puts his personal estimate of Trump winning the election at a 55% probability.
Taking all of these factors into consideration, the expert expresses his strong confidence that BTC will rise by $300,000 or more by the end of next year, indicating a 5x price growth.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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