Featured image created with DALL.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Renowned macro analyst Alex Kr\u00fcger posits that Bitcoin is “highly likely\u201d in a supercycle. Kr\u00fcger articulated his perspective via X, emphasizing the distinct trajectory Bitcoin is currently undertaking compared to previous market cycles. A Bitcoin supercycle is a theoretical phase wherein Bitcoin’s price is anticipated to ascend extraordinarily, surpassing its traditional boom-and-bust cycles. This concept implies a prolonged period of growth fueled by increased mainstream adoption, leading to a significantly stronger and more enduring upward trajectory than the typical four-year halving cycle that Bitcoin historically follows. Is Bitcoin In A Supercycle? With regard to President-elect Donald Trump‘s pro-Bitcoin U-turn and his plan to establish a strategic Bitcoin reserve, Kr\u00fcger remarked: \u201cDo yourself a favor and stop comparing this cycle to prior cycles. Bitcoin is highly likely in a supercycle. The crypto industry has just experienced its most dramatic change in history, a fundamentally driven 180 degree turn,\u201d the analyst stated. Related Reading: Bitcoin Nears $100,000: Market Expert Predicts $200K Surge Amid Retail FOMO And Volatility Kr\u00fcger also referred to the rapid evolution of the Bitcoin and crypto sector, noting that it transitioned “from a barely legal pariah detested by the state, to one of the top industries embraced by the state” within weeks\u2014a change he describes as “so extreme it’s hard to find comparables in modern times.” Drawing parallels to historical financial shifts, Kr\u00fcger highlighted the transformative impact of the 1970s on gold. \u201cMaybe gold in the 1970s is one. The 1970s was a transformative decade for gold. Nixon’s ending of the Gold Standard in 1971, dismantling Bretton Woods, sent gold surging from $35 per ounce to $850 in 1981,\u201d he explained. Kr\u00fcger also addressed the timing of Bitcoin\u2019s potential peak, suggesting that expecting a major local top around March is reasonable based on his previous analyses. \u201cThis would be heavily dependent on the slope of ascent, funding rates, and the broader economy. But one should not equate a major local top with the beginning of the bear market,\u201d he noted. While acknowledging the possibility of a bear market, he emphasized that \u201cthe conditions for it are not yet there. It’s also too soon to be expecting a top. Bitcoin bull-runs always last for many months. It’s only been 33 days since Trump unleashed the Kraken.\u201d Related Reading: Bitcoin Rally To Continue If This Level Holds, Is $110,000 The Next Stop? Highlighting the precarious nature of market sentiment, Kr\u00fcger added a cautionary note: \u201cThe moment you all finally believe what I just wrote, then it will [be] the top.\u201d With this statement Kr\u00fcger underscores the psychological factors that often influences market dynamics, particularly the collective belief in market peaks. X user Paradox Parrot (@Paradoxparrot) commented on Kr\u00fcger\u2019s assertion, stating, \u201cAgree. But, \u2018this time is different\u2019 is a good way to round trip back down.\u201d In response, Kr\u00fcger acknowledged the cyclical skepticism surrounding altcoins, asserting, \u201cSure. Alts will round trip most of it. It’s the nature of the beast. Mind this time has already been proven different multiple times at many levels. I’ve anticipated and covered that here in detail since mid 2023. Btw alts round trip for 2 reasons. A) lack of fundamentally driven demand. And more importantly B) illiquidity (that’s also why they go up in such a vertical manner).\u201d Despite Kr\u00fcger’s optimistic outlook, not all experts concur with the supercycle hypothesis. Chris Burnsike, partner at Placeholder VC, offered a contrasting view on X on December 7: \u201cBookmark it for later: a supercycle is never real – everything is cyclical, though cycles can vary. […] Buying into the idea of a supercycle is how you never sell and roundtrip. Ask anyone who never sold in 2021.\u201d At press time, BTC traded at $98,287. Featured image created with DALL.E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":659447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[16380,428,656,679,91785,1119,89185,1122],"class_list":["post-659435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-alex-kruger","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-supercycle","tag-btc","tag-btc-news","tag-btc-price"],"acf":[],"yoast_head":"\n
Bitcoin Is 'Highly Likely' In A Supercycle: Expert Explains Why<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n