The cryptocurrency industry could be gearing up for a notable cycle as one market expert has claimed that the long-awaited cycle Bitcoin price rise It has finally started to rise, indicating a potential massive rally for the digital asset in the coming months.
Bitcoin Massive Bull Run Kicks Off
In an optimistic post on X (formerly Twitter), Bitcoin investor and cryptocurrency trader Fred Krueger said: Confirmed The Bitcoin bull run is starting to set in. Kruger points to a confluence of positive factors such as increased adoption and microeconomic conditions that will push Bitcoin to unprecedented highs due to Upcoming US Presidential Election outcome.
The expert claims that the massive bull run started after watching a recent interview about how Bitcoin would perform in scenarios involving former US President Donald Trump and current Vice President Kamala Harris between iHeart Radio host Mark Moss and Coin Stories Podcast host Natalie Brunel.
In the interview, Mark Moss predicted an imminent market crash. But in this scenario, the reverse crash, which he called an inflationary collapse, would lead to a decline in the standard of living while asset prices rose.
Kruger expressed his complete agreement with Mark, stating: If former President Trump wins the election, there will be a reserve of Bitcoin, the 2.0 choke point will be removed, and prices will drop to 2% very quickly. This puts His personal estimate of Trump winning the election is 55%.
Taking all these factors into account, the expert expresses strong confidence that the price of Bitcoin will rise by $300,000 or more by the end of next year, indicating a 5-fold price growth. However, it should Vice President Harris While Trump wins the election scheduled for November, Kruger still expects the price to drop to 2.80% before the end of next year, the end of the election uncertainty, and a 3x price rise to $180,000 for Bitcoin by December 2025.
Regardless of the election outcome, the expert expects the coming year to be great. While Kruger is optimistic about a massive price surge after the election, he hopes that Bitcoin will not move in the opposite direction, perhaps to the $58,000 threshold.
Bitcoin’s total market cap could reach $4 trillion
Fred Krueger Bitcoin The price prediction would take Bitcoin’s total market cap from its current $1 trillion to around $4 trillion. According to the investor, this means that more than $100 billion of new capital would need to be invested in the leading asset, using a 30x multiplier.
Although this prediction seems bold, Kruger is confident it is achievable, due to history. Spot Bitcoin ETFs, Fed cuts interest ratesAnd the six trillion dollars in the American financial markets.
Featured image from LinkedIn, chart from Tradingview.com