Core

Bitcoin

when

<div class="dailyhodl">
 <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>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <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>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GJYixDxWsAAqTfs?format=jpg&amp;name=large" alt="Image" width="1808" height="968">
  <figcaption class="wp-caption-text">
   Source: Alex Krüger/X
  </figcaption>
 </figure>
 <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>
 <div class="video-container"><iframe title="YouTube video player" src="https://www.youtube.com/embed/OxY6U9KAbMU?si=Fjxk-2N-B71Rqoqi" width="560" height="315" frameborder="0" allowfullscreen></iframe>
 </div>
 <p>&nbsp;</p>
</div>
<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

25 Mar 2024 tarihli diğer yazılar

Ripple Faces $2B SEC Fine: Crypto Company Vows To Fight 'Misleading' Charges

How Americans Can Buy $SCRT Token — Part 1

OpenAI's Diverse Projects: Advancing AI Across Domains

Home Mining Rigs: BlockDAG’s Mining Revolution Leads Crypto Charge, Overcoming Smog’s Launch and ...

Bitcoin, Ethereum, Dogecoin Gain Momentum As Fresh Trading Week Starts: Analyst Says Altcoin Mark...

Tron Advances Bitcoin Layer-2 Solution to Boost Liquidity and Interoperability

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!