Economist Alex Krüger shared his views on Bitcoin's current trajectory and the broader cryptocurrency industry, suggesting long-term sustainable growth.
What Does the Supercycle Theory Mean for Bitcoin?
Alex Krüger describes the current market phase as a supercycle, suggesting that Bitcoin's sideways trading is a temporary phenomenon. He anticipates a rally in this cycle and emphasizes that Bitcoin's price corrections have been shorter and less severe, generally around 40%. Investors should take this into consideration.
How Should Investors Approach Altcoins Now?
Krüger warns investors to be cautious with altcoins, especially older projects. He recommends focusing on more innovative ventures. Notably, he highlights Solana as 'the fastest horse,' expecting a significant supply increase that may lead to notable market activity. He also underscores the need for Ethereum to improve, especially its Layer 2 solutions and application development.
Opportunities and Risks in the Cryptocurrency Market
Bitcoin's long-term growth potential remains optimistic, yet the altcoin landscape faces significant challenges and risks. Investors need to act wisely and carefully observe innovative projects that could lead the future of the market.
Bitcoin maintains positive long-term prospects, but altcoins face substantial challenges. Cautious investment and focus on innovation are essential.
