Bitcoin Supercycle Incoming Amid Changing Market Conditions, According to Alex Krüger – But There’s a Catch

Economist and trader Alex Krüger is leaning bullish on Bitcoin (BTC) even as the flagship crypto asset hovers around 14% below the all-time high.

In a new episode of the Unchained podcast, Krüger says that Bitcoin has more upside potential and is not even “remotely” close to the cycle top.

According to the economist and trader, the approval of spot Bitcoin exchange-traded funds (ETFs) in January of 2024 could result in the crypto king no longer following the usual four-year cycles that revolve around the halving.

“I think that what happened is the introduction of the ETF and the flows which are significant, they tie together and they make the correlation between risk and Bitcoin more sustainable. So that’s why I’m not thinking about a cycle top…

…at the same time market conditions for Bitcoin they are changing because the impact of the halving is lesser and we have ETFs now. So I am on the super cycle side of things.”

Krüger, however, says that a supercycle doesn’t mean that “we go up only.”

“It means that we have shorter [corrections]… for as long as equities do well and the economy does well, that may not be the same but they are usually the same. We have smaller drawdowns that last for shorter [periods of time].”

Bitcoin is trading at $93,134 at time of writing, around 10% below the 2025 high of about $102,000.

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