Bitcoin Bull Run Begins: Expert Points To Massive Upside Potential In Coming Months
The post Bitcoin Bull Run Begins: Expert Points To Massive Upside Potential In Coming Months appeared on BitcoinEthereumNews.com.
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stated that if former President Trump prevails in the election, there will be a Bitcoin reserve, chokepoint 2.0 will be repealed, and rates will drop to 2% very quickly.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…
Filed under: News - @ September 21, 2024 1:02 am