Popular crypto analyst and founder of Aike Capital, Alex Krüger, says his hopes of becoming a multi-millionaire with cryptocurrency investments are now unrealistic.
Alex Krüger says cryptocurrency rallies will no longer be the same
According to the closely-followed economist, the era of getting rich by investing in Bitcoin may be over as cryptocurrencies shift towards protecting wealth and risk-adjusted returns. Alex Krüger, founder of Aike Capital, recently tweeted, “No one will ever get rich by investing in Bitcoin again. It is not early. That boat sailed,” he wrote in the article. He explained that the only people who will profit from Bitcoin are those who sell related services such as exchanges.
Although Krüger acknowledged that his first tweet was a social experiment, he argued that the message still stands: “People should no longer buy Bitcoin to get rich. That boat sailed. Bitcoin is now for the protection of wealth, attractive risk-adjusted returns, trading and hedging against the fiat system.”
Bitcoin’s performance in the next rally, according to Krüger
When a user commented on Bitcoin’s potential for 10x returns in 3-5 years, Krüger voiced his bullish stance on the cryptocurrency but found the 10x return too optimistic, stating, “Actually, I’m clearly up high on Bitcoin. 10x is too much, 5x is possible. I think there is a big increase in this cycle. But I think 10 packs is too much,” he said.
Discussing his strategies for success in the crypto market, Krüger said, “The best way to increase returns is not to trade with higher leverage, but to trade with a higher volatility asset. If I was starting over I would focus entirely on DeFi micro limitations. I would learn macro (for context) heavy fundamental analysis, some technical analysis for context, plus coding for better/faster execution. Only long, no leverage, diversified positions, no stops.”
Krüger’s analysis highlights Bitcoin’s changing role in the investment landscape and offers valuable advice for those looking to maximize returns on the crypto market.
What about the leading cryptocurrency?
Bitcoin price briefly rallied above $29,000 on March 30, setting a new record for the year despite recent US regulatory crackdowns on crypto firms and associated uncertainty. According to CMC data, the price of Bitcoin reached $29,132.82 on March 30, reaching levels seen just before the collapse of cryptocurrency exchange FTX in early November 2022.
The Crypto Fear and Greed Index, which aims to quantify the current “feelings and feelings” towards Bitcoin and other major cryptocurrencies, has risen steadily over the past month despite the fluctuations in the global banking industry.
cryptocoin.com As we reported, the BTC price was under count pressure on March 31, when the quarterly Bitcoin options expired.
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