Macro trader and economist Alex Krüger is saying that the macro environment is currently conducive for risk assets such as Bitcoin (BTC), other crypto assets and stocks.
In an interview with the chief investment officer of the investment firm Arca, Jeff Dorman, Kruger says,
“My outlook for Bitcoin remains very bullish into year-end. And if that happens… it just makes sense that it carries everything with it. Like when Bitcoin is going up usually everything goes up. It is that simple.”
Bitcoin is trading at $61,478 at time of writing.
According to Kruger, risk assets could increase in price over the coming months.
“[Over the] mid-term like into 2025 the market should keep on rallying. Market, in this case, is the S&P 500 index, the NASDAQ, risk assets, equities and the exchange-traded funds (ETFs), they finally linked Bitcoin and Ethereum to the macro side on a permanent basis now. This correlation comes back and forth. It’s definitely there.”
On when entry opportunities will present themselves for risk assets, Kruger says,
“It’s an environment where risk assets perform very very well and my macro view towards year-end is that leaving aside the [US general] elections that are very very momentous and are going to drive very significant, should drive not going to, very significant volatility, which I think would give very good entry points for risk assets.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Economist Alex Krüger ‘Very Bullish’ on Bitcoin Through 2024 Elections, Says BTC Will Carry Crypto Rally appeared first on The Daily Hodl.
