As the world of cryptocurrencies becomes more complex day by day, the opinions of renowned economists and analysts serve as an important guide for investors. In this context, the prediction of an economist like Alex Krüger that an overlooked altcoin project will take off is remarkable.
According to Krüger, Core (CORE), a blockchain that combines the advantages of proof-of-work (POW) and proof-of-stake (POS) used by Bitcoin, could take off rapidly. What stands out in Krüger’s statement is that the main features of this project fall in line with certain trends currently prevailing in the cryptocurrency world. Features such as the reliability of Bitcoin’s POW system and the efficiency brought by POS may allow Core to turn into a remarkable project.
As Krüger puts it, “There are two kinds of people in crypto. Those who have heard of CORE. And those who will hear.” This statement emphasizes Krüger’s belief in Core and its potential. Because the success of a project depends primarily on how many people are aware of this project and believe in it.
However, like every altcoin rising in the market, Core will have risks and uncertainties. Investors should be careful and do their own research when investing in such projects. After all, the cryptocurrency market is a rapidly changing environment and every investment comes with its own risks.
Apart from this statement, Krüger recently gave a new interview on the 1000x podcast. In this interview, he claimed that Bitcoin and cryptocurrency’s current bull run is largely due to inflows into spot BTC exchange-traded funds (ETFs), and that it is just getting started.
Despite the recent price correction for Bitcoin and many altcoins, Krüger thinks it makes sense to remain long until the BTC halving event.
“Here’s the thing: ETF flows are so large that I think they’re just getting started. (…) If you are worried that this is actually a good place to hedge your spot holdings using futures or doubters, when it shines, remove the hedge and hedge some of it – a small percentage. However, I think it makes a lot of sense to continue at least until the halving event.
Things are crazy, but things can get even crazier, and we make the most money in the part where things get really, really crazy. “So if we act rationally to protect profits, yes it works, but you leave most of the money on the table.”
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