159277Economist Alex Krüger Says The Time For Investors To Get Rich From Bitcoin Is Past

159277

Economist Alex Krüger Says The Time For Investors To Get Rich From Bitcoin Is Past

Well-known economist and crypto analyst Alex Krüger says that Bitcoin (BTC) has transitioned to an asset class and now plays a different role in investors’ portfolios than it used to. in the past

Krüger tells his 153,000 Twitter followers that BTC won’t make anyone as rich as it did 10 years ago, but is now serving as a powerful alternative to wealth storage and storage. value

“People shouldn’t buy Bitcoin for wealth anymore. The ship has sailed off shore now. Bitcoin is for wealth preservation, attractive risk-adjusted returns, fiat trading and hedging.”

However, Krüger also said that A 10x increase in the price of Bitcoin is still a possibility, which means that the price of Bitcoin could be somewhere around $150,000 as it marks the next bull run peak.

Krüger recently identified 8 reasons why the current market structure for BTC is on the verge of an upward reversal. It includes long-term indicators turning green, a rebound from the 200-day moving average and a rebound above the current key resistance.