Experienced cryptocurrency analyst Fred Krueger made ambitious predictions about Bitcoin (BTC) in his statements on social media.
According to Krueger, the leader BTC will reach at least double its current level within this year.
Krueger also warned users who postpone entering the market, saying, “Almost everyone gets out of the game trying to time it. And many who try to find the perfect entry point never get in the game.”
Krueger, who admitted that Bitcoin could be affected by fluctuations in traditional markets such as Nasdaq in the short term, argued that the “HODL (holding assets without selling)” strategy would be profitable in the long term. He stated that it may be possible to achieve better results with derivative products such as options, but that this requires serious timing sensitivity.
Krueger also criticized financial institutions that prefer to keep Bitcoin on their company balance sheets, arguing that this approach goes against the basic philosophy of Bitcoin: “If you really understood Bitcoin, you would own it directly. But everyone\'s capacity is different.”
Krueger heavily criticized the banking and finance sector, making the following comparison: “These sectors are like dinosaurs now. They are no different than Blockbuster Video, Tower Records or the horse-drawn carriage industry.”
At the end of his statement, he made a striking emphasis: “There are only two things you should focus on right now: Bitcoin and artificial intelligence. Everything else is unimportant.”
*This is not investment advice.