Fred Kreuger, a market analyst and supporter of Bitcoin, has written five strong reasons for buyers to think about buying Bitcoin. Kreuger said in a video on X that Bitcoin was a good short- and medium-term investment and that it would pay off over the next year.
Bitcoin’s price recently went above $67,000, which is an increase of 0.58% in the last 24 hours and a continuation of the previous week’s upward trend.
Kreuger listed a number of reasons why investing in Bitcoin is a good idea. First, he talked about how pro-crypto previous US President Donald Trump was, implying that Trump’s possible return to office could increase government support for BTC.
Bitcoin’s Bull Market Potential
Kreuger also said there was a 100% chance that the Federal Reserve would lower interest rates in September. This would make people more likely to invest in risky assets like BTC. He said that rates would go down even more if Trump wins in November.
The expert talked about how spot BTC ETFs, which are still being rolled out, might have an effect. He thinks that major banks like Morgan Stanley and Wells Fargo will finally offer these ETFs to all of their clients, which will bring more money into the market.
Kreuger also talked about the current crypto bull market cycle. He thinks that, based on past trends, BTC market price could double in the next 18 months. He did say, though, that gains could be anywhere from 4x to 6x.
Lastly, Kreuger thought that Michael Dell, CEO of Dell Inc., might be investing in BTC because he has recently spoken out in favor of the cryptocurrency. Investors may see a rising trend if Dell gets involved.
The price of Bitcoin has gone up 14.41% in the last week, and it is now $68,207. But the amount of money that is traded every day has dropped by 49.29%, to $18.86 billion.
