Economist Alex Krüger Bullish on Overlooked Layer-One Crypto Project
Widely followed economist Alex Krüger is optimistic about an under-the-radar layer-one cryptocurrency project in the early stages of a digital assets bull run. Krüger believes that more people will soon become aware of Core (CORE), a blockchain that combines the advantages of Bitcoin’s proof-of-work system (POW) with the attributes of proof-of-stake (POS).
Krüger, who has a significant following on the social media platform X, predicts that Core will gain popularity among crypto enthusiasts. At the time of writing, CORE is trading at $0.73, representing a 13% increase in the last 24 hours.
Bitcoin and Crypto Bull Run Driven by ETF Flows
In a recent interview on the 1000x podcast, Krüger discusses the current bull run in Bitcoin and cryptocurrencies. He suggests that the surge in prices is largely driven by flows into spot BTC exchange-traded funds (ETFs), which he believes are only just beginning.
Krüger advises staying long until the BTC halving, an event where miners’ rewards are halved. Despite recent price corrections for Bitcoin and altcoins, he emphasizes that ETF flows are substantial and can sustain this level of volatility. He suggests riding the wave into the halving to maximize potential profits.
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Key Takeaways:
- Economist Alex Krüger is bullish on Core (CORE), an overlooked layer-one cryptocurrency project.
- Core aims to leverage the advantages of Bitcoin’s proof-of-work system and proof-of-stake attributes.
- Krüger believes that more people will soon become aware of Core and its potential.
- CORE is currently trading at $0.73, with a 13% increase in the last 24 hours.
- The ongoing bull run in Bitcoin and cryptocurrencies is driven by flows into spot BTC ETFs.
- Krüger advises staying long until the BTC halving to maximize potential profits.
Hot Take: Crypto Can Get Crazier
As the crypto market continues to evolve and gain mainstream attention, it’s crucial to stay informed about emerging projects and market trends. Economist Alex Krüger’s bullish stance on Core highlights the potential for hidden gems in the crypto space. With the ongoing bull run and increasing interest from institutional investors, it’s essential to keep up with the latest developments and make informed investment decisions.
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