[ad_1]
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, pointing to a potential significant upsurge for the digital asset in the upcoming months.
A Massive Bull Case For Bitcoin Takes Off
In an optimistic post on the X (formerly Twitter) platform, Bitcoin maxi and investor, Fred Krueger has asserted that the massive bull case for BTC has begun to unfold. Krueger points to a confluence of positive factors such as increasing adoption and microeconomics conditions that will send BTC to unprecedented heights triggered by the upcoming United States presidential election outcome.
The expert claims that the massive bull case is starting after watching a recent interview about how Bitcoin would fare in the former US President, Donald Trump, and incumbent Vice President Kamala Harris scenarios between iHeart Radio show host Mark Moss and Coin Stories Podcast host, Natalie Brunell.
In the interview, Mark Moss 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.
Expressing his overall agreement with Mark, Krueger stated that if former President Trump prevails in the election, there will be a Bitcoin reserve, chokepoint 2.0 will be repealed, and rates will drop to 2% very quickly. This 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. However, should VP Harris win the election scheduled for November, Krueger continues to predict that there will rate drop to 2.80% before the end of next year, an end to the uncertainty around the election, and price 3x price rally to the $180,000 level for BTC by December 2025.
Whatever the outcome of the election, the expert foresees the upcoming year to be awesome. While Krueger is optimistic about a massive rally following the election, he hopes that BTC does not move in a contrary direction, possibly to the $58,000 threshold.
BTC’s Overall Market Cap Could Value At $4 Trillion
Fred Kruger’s BTC price prediction raises the total market cap of BTC from the current $1 trillion mark to about $4 trillion. According to the investor, this implies that over $100 billion in new capital must be invested in the flagship asset, using a 30x multiplier.
Although this projection seems audacious, Krueger is confident it is feasible, due to the historic Spot Bitcoin Exchange-Traded Funds (ETFs), Federal Reserve (Fed) interest rate cuts, and the $6 trillion in US financial markets.
Featured image from LinkedIn, chart from Tradingview.com
[ad_2]
Source link
