The cryptocurrency space is buzzing with excitement as an expert claims that a long-anticipated Bitcoin bull run is beginning. This development points to a massive upside potential for Bitcoin in the coming months, sparking optimism among investors.
Bitcoin Bull Market Gains Momentum
In a bullish post on the X platform (formerly known as Twitter), renowned Bitcoin enthusiast and investor Fred Krueger asserted that the bull case for Bitcoin has started to take shape. Krueger attributes this to various positive factors, including increased adoption and favorable economic conditions, further amplified by the potential outcomes of the upcoming United States presidential election.
According to Krueger, the Bitcoin bull market is set to gain traction following an insightful interview between iHeart Radio show host Mark Moss and Coin Stories Podcast host Natalie Brunell. Mark Moss warned of an impending market crash, predicting that a reverse, inflationary crash could occur, leading to a rise in asset prices while the standard of living decreases.
Agreeing with Moss, Krueger noted that if former President Donald Trump wins the election, Bitcoin could benefit significantly. He believes a “Bitcoin reserve” will emerge, and interest rates could quickly drop to 2%, giving Trump a 55% chance of winning.
Considering these factors, Krueger is optimistic that Bitcoin could surge to $300,000 or more by the end of next year, suggesting a staggering 5x price growth. However, if Vice President Kamala Harris wins the election, Krueger foresees a rate drop to 2.80% and a 3x price rally to $180,000 by December 2025.
BTC Market Cap to Skyrocket to $4 Trillion
Krueger’s forecast also predicts that Bitcoin’s total market cap could rise from its current $1 trillion to around $4 trillion. This would require an influx of over $100 billion in new capital into the leading cryptocurrency, leveraging a 30x multiplier.
Despite the bold nature of this projection, Krueger stands firm in his belief, citing several factors such as historic Spot Bitcoin Exchange-Traded Funds (ETFs), potential Federal Reserve interest rate cuts, and the enormous $6 trillion valuation of US financial markets.
Featured image from LinkedIn, chart from Tradingview.com
Whatever the election outcome, Krueger is steadfast in his belief that the coming year will be remarkable for Bitcoin. He emphasizes that while a major rally is likely, there is always a chance Bitcoin could retrace to around $58,000.
Interested in maximizing your trading strategies? Click Here For More Trading Tips and Strategies.
Discover more from Make Money Online and Work From Anywhere
Subscribe to get the latest posts sent to your email.
