Experienced Analyst Makes New Price Prediction for Bitcoin (BTC): "BTC Will At Least... This Year"
Experienced cryptocurrency analyst Fred Krueger made bold predictions about Bitcoin (BTC) in statements made via social media.
According to Krueger, the leading BTC will reach at least twice its current level within this year.
Krueger also warned users who are delaying their market entry, saying, "Almost everyone is staying out of the game while trying to time it. Most of those searching for the perfect entry point will never be part of the game."
While acknowledging that Bitcoin may be affected by fluctuations in traditional markets like Nasdaq in the short term, Krueger argued that in the long term, the "HODL (holding assets without selling)" strategy will be profitable. He noted that better results could be achieved with derivatives like options, but this requires serious timing precision.
Additionally, Krueger criticized financial institutions that prefer to hold Bitcoin on their balance sheets, suggesting that this approach contradicts the fundamental philosophy of Bitcoin: "If you really understood Bitcoin, you would own it directly. But everyone's capacity is different."
Krueger harshly criticized the banking and finance sectors, making the following comparisons: "These sectors are now like dinosaurs. They are no different from Blockbuster Video, Tower Records, or the horse-drawn carriage industry."
At the end of his statement, he made a striking emphasis: "Right now, there are only two things you should focus on: Bitcoin and artificial intelligence. Everything else is insignificant."
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