• Economist Alex Krüger holds a positive outlook on Bitcoin (BTC) and Ethereum (ETH), predicting a strong finish for both cryptocurrencies by the end of the year.
• Krüger believes that the Federal Reserve is approaching the conclusion of its historic series of interest rate hikes, aimed at addressing inflation.
• He anticipates that markets may rally as early as August, driven by expectations that the Fed will adjust its course; he has taken long positions on BTC and ETH accordingly.
Economist Predicts Bull Run for Bitcoin and Ethereum
Economist Alex Krüger holds a positive outlook on Bitcoin (BTC) and Ethereum (ETH), predicting a strong finish for both cryptocurrencies by the end of the year.
Federal Reserve’s Monetary Policy Shift
Krüger believes that the Federal Reserve is approaching the conclusion of its historic series of interest rate hikes, aimed at addressing inflation. With approximately 90% of these hikes already implemented, markets are poised for a significant transformation when new data emerges.
Expectations for August
Krüger anticipates that markets may rally as early as August, driven by expectations that the Fed will adjust its course due to cooling economy and declining inflation.
Long Positions Taken on BTC and ETH
Displaying confidence in his predictions, Krueger discloses that he has taken long positions on BTC and ETH; these positions reflect his belief in substantial upward movements in price for these leading cryptos given current market challenges.
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