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Alex Krüger Says the Macro Environment Is Currently Conducive for Risk Assets Such as Bitcoin (BTC) and Stocks

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Release: 2024-06-27 09:36:44
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MacrotraderandeconomistAlexKrügerissayingthatthemacroenvironmentiscurrentlyconduciveforriskassetssuchasBitcoin(BTC),other

Alex Krüger Says the Macro Environment Is Currently Conducive for Risk Assets Such as Bitcoin (BTC) and Stocks

output:MacrotraderandeconomistAlexKrügerissayingthatthemacroenvironmentiscurrentlyconduciveforriskassetssuchasBitcoin(BTC),othercryptoassetsandstocks.InaninterviewwiththechiefinvestmentofficeroftheinvestmentfirmArca,JeffDorman,Krugersays,“MyoutlookforBitcoinremainsverybullishintoyear-end.Andifthathappens…itjustmakessensethatitcarrieseverythingwithit.LikewhenBitcoinisgoingupusuallyeverythinggoesup.Itisthatsimple.”Bitcoinistradingat$61,478attimeofwriting.AccordingtoKruger,riskassetscouldincreaseinpriceoverthecomingmonths.“[Overthe]mid-termlikeinto2025themarketshouldkeeponrallying.Market,inthiscase,istheS&P500index,theNASDAQ,riskassets,equitiesandtheexchange-tradedfunds(ETFs),theyfinallylinkedBitcoinandEthereumtothemacrosideonapermanentbasisnow.Thiscorrelationcomesbackandforth.It’sdefinitelythere.”Onwhenentryopportunitieswillpresentthemselvesforriskassets,Krugersays,“It’sanenvironmentwhereriskassetsperformveryverywellandmymacroviewtowardsyear-endisthatleavingasidethe[USgeneral]electionsthatareveryverymomentousandaregoingtodriveverysignificant,shoulddrivenotgoingto,verysignificantvolatility,whichIthinkwouldgiveverygoodentrypointsforriskassets.”

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source:kdj.com
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