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 <p>Widely followed economist Alex Krüger is bullish on one overlooked layer-one crypto project amid what he believes is the earlier stages of a digital assets bull run.</p>
 <p>Krüger tells his 168,000 followers on the social media platform X that many more people are about to hear about Core (CORE), a blockchain that aims to leverage the advantages of Bitcoin’s (BTC) proof-of-work system (POW) plus the attributes of proof-of-stake (POS).</p>
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 <p>Says Krüger,</p>
 <p><em>“There are two kinds of people in crypto.</em></p>
 <p><em>Those who have heard about CORE.</em></p>
 <p><em>And those who will.”</em></p>
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   Source: Alex Krüger/X
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 <p>At time of writing, CORE is trading for $0.73, up 13% in the last 24 hours.</p>
 <p>In a new interview on the 1000x podcast, Krüger says that Bitcoin and crypto’s current bull run is largely driven by flows into spot BTC exchange-traded funds (ETFs), which he says are only just beginning.</p>
 <p>According to the economist, despite a recent price correction for Bitcoin and many altcoins, he thinks it makes sense to stay long at least until the BTC halving, when miners’ rewards are cut in half.</p>
 <p><em>“The thing is: the ETF flows are so large, that in my opinion, they are just beginning. That sustains and enables this level of absolute insane degeneracy. </em></p>
 <p><em>That’s what’s happening here. If you are concerned that this is actually a good place to basically hedge your spot holdings using futures or perps to unhedge once it flashes and hedging part of it – a small percentage… That being said, I think it makes a lot of sense to keep on riding into the halving, at least.&nbsp;</em></p>
 <p><em>Things are crazy, but things can get crazier, and we make the most money in the part where it gets really, really f*cking crazy. So if we’re just getting rational to protect profits, yeah that works but you leave most of the money on the table.”</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/economist-alex-kr-ger-bullish-on-one-under-the-radar-layer-one-altcoin-says-crypto-can-get-crazier-tbt83437.html">https://thebittimes.com/economist-alex-kr-ger-bullish-on-one-under-the-radar-layer-one-altcoin-says-crypto-can-get-crazier-tbt83437.html</a></p>

Economist Alex Krüger Bullish on One Under-the-Radar Layer-One Altcoin, Says Crypto ‘Can Get Crazier’

TheBitTimes

Alte articole publicate pe 25 mar. 2024

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