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Bitcoin decline: Economist Krüger sees opportunities despite warning!
Alex Krüger analyzes the Bitcoin performance and warns of crypto content on X. Current BTC course at $ 113,678.
Bitcoin decline: Economist Krüger sees opportunities despite warning!
Alex Krüger, a prominent economist, has commented on Bitcoin (BTC )'s latest underperformance, which has been observed in the past one and a half months. While other assets, such as the Spy index, have achieved an impressive return of 290% since the beginning of the year, Bitcoin remains behind these numbers. Bitcoin is currently being traded at $ 113,678, which corresponds to an increase of 1.55% in the last 24 hours. However, the price is over 8.4% below the all -time high of $ 124,128, which was reached on August 14th. (Daily Hodl)
As part of his comparison, Krüger notes that other major assets, such as QQQ and TSLA, are also experiencing multiple swings in the current market phase, with the SPY and QQQ up 42% and 34%, respectively, since Election Day 2024. Nevertheless, Krüger believes that Bitcoin often experiences massive daily fluctuations, which can compensate for below-average performance in the long term. He expresses optimism and does not see the current situation as worrying, but points out that it should be important for traders to return profits to the market.
Warning of crypto accounts
Finally, it should be noted that the opinions and assessments of Krüger do not represent investors and investors are required to carry out a comprehensive market analysis before investing in Bitcoin or other crypto activa. The ongoing discussion about Bitcoin and market volatility will certainly continue to employ both traders and investors.