Bitrabo Editorial
The cryptocurrency sector may be on the brink of an extraordinary phase as an expert suggests that the long-awaited Bitcoin bull market is finally beginning. This could lead to a substantial rise in the value of the digital currency in the coming months.
A Strong Bullish Outlook for Bitcoin Emerges
In a hopeful message on X (formerly known as Twitter), Bitcoin enthusiast and investor Fred Krueger has declared that the bullish scenario for Bitcoin (BTC) is starting to take shape. He highlights a combination of favorable elements like growing adoption and economic conditions that could propel BTC to never-before-seen levels, particularly influenced by the outcome of the upcoming US presidential election.
Krueger’s assertion comes after he watched a recent interview in which the potential impacts of former President Donald Trump and incumbent Vice President Kamala Harris on Bitcoin were discussed by iHeart Radio host Mark Moss and Natalie Brunell of Coin Stories Podcast.
During the interview, Moss forecasted a forthcoming market downturn. However, he proposed an ‘inflationary crash’ scenario, which would lead to a decline in living standards while asset prices rise.
Krueger mostly agrees with Moss, noting that if Trump wins the election, it could lead to the establishment of a Bitcoin reserve, the reversal of regulatory hurdles, and a swift drop in interest rates to around 2%. He estimates the chances of Trump winning the election at 55%.
Considering all these elements, he believes that BTC could soar to $300,000 or more by the end of next year, suggesting a fivefold increase in value. Conversely, if Harris wins, he predicts a decrease in rates to 2.80%, a resolution of election-related uncertainty, and a potential tripling of BTC’s price up to $180,000 by December 2025.
No matter who comes out on top in the election, Krueger is optimistic about next year, although he hopes that BTC doesn’t unexpectedly drop back to the $58,000 level.
Bitcoin’s Market Capitalization Could Reach $4 Trillion
Krueger’s price expectations would increase Bitcoin’s total market cap from the current $1 trillion to about $4 trillion. He calculates that this would require over $100 billion in new investment for Bitcoin, based on a 30x multiplier.
While this target may seem ambitious, Krueger remains confident in its attainability, citing the recent momentum from Spot Bitcoin Exchange-Traded Funds (ETFs), expected interest rate cuts from the Federal Reserve, and the overall $6 trillion present in US financial markets.