Economist Alex Krger Says Bitcoin All-Time Highs Coming Soon, Predicts 4x Move for One Layer-One Altcoin

Closely followed trader and economist Alex Krger says new all-time highs for Bitcoin (BTC) are likely just around the corner.

Krger tells his 169,000 followers on the social media platform X that the daily market structures of several large-cap crypto assets are all clearly bullish.

Based on the charts, Krger says he’s expecting a new all-time high for Bitcoin soon.

“Crypto daily charts all very bullish

Expecting Bitcoin ATHs (all-time highs) soon.”

Source: Alex Krger/X

Zooming in, Krger has his eye on Core (CORE), a layer-one blockchain that uses a proof-of-work (POW) and proof-of-stake (POS) hybrid consensus mechanism called satoshi plus.

Krger predicts that CORE will exceed the market cap of Stacks (STX), another altcoin that leverages the Bitcoin ecosystem.

“CORE will flip STX.
3x achieved, 4x to go.”

Image
Source: Alex Kruger/X

At time of writing, CORE is trading at $2.74, up 72% in the last 24 hours.

Krger recently said that TradFi portfolio managers have three options when it to Bitcoin. According to the economist, portfolio managers who do not accumulate Bitcoin will underperform those who choose to get Bitcoin exposure.

Traditional finance portfolio managers have three options:

1) Buy Bitcoin now

2) Buy Bitcoin later

3) Underperform for the next decade.

At time of writing, Bitcoin is trading for $69,554, down 1.79% in the past day.

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This article was originally reported on The Daily Hodl.