Bitcoin could soar to $400,000 by the end of this year and reach $600,000 by the end of 2025, according to Fred Krueger, a renowned investor and entrepreneur with a PhD in Mathematics from Stanford. Krueger’s predictions are based on the Bitcoin power law model and significant Bitcoin ETF flows.
Here’s a breakdown of his insights.
Fred Krueger, with extensive Wall Street experience, is fully committed to Bitcoin. Using his mathematics background, he has identified that Bitcoin is following a power law, a rare statistical pattern. Krueger believes this power law, combined with substantial inflows into Bitcoin ETFs, could drive a dramatic increase in Bitcoin’s price.
An analysis of Bitcoin spot ETF net inflow reveals notable trends. At the start of 2024, the average inflow was around $190 million, with Bitcoin priced at about $40,000.
By mid-March, inflows surged to $1.04 billion, pushing Bitcoin’s price to around $73,000. Earlier this month, the inflow reached $886.6 million, with Bitcoin priced at about $70,580.
Krueger’s projections are based on these inflows and the power law model. He suggests that if current trends continue, Bitcoin could reach $400,000 by the end of this year. Extending this trend to the end of 2025, Krueger believes Bitcoin could hit $600,000.
These projections might seem ambitious, but Krueger stands by his analysis. His extensive Wall Street experience and mathematical insight lend significant credibility to his predictions.
Stay tuned to Coinpedia for more updates on the future of Bitcoin.
Also Read: The Crypto Markets Continue to Drop While Institutions Accumulate ETFs: Who Is Selling BTC?
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