Economist Alex Krüger: Bullish on Bitcoin Through 2024 Elections, Predicts Crypto Rally

Renowned economist and macro trader Alex Krüger has shared an optimistic outlook for Bitcoin (BTC) and other risk assets as we approach the 2024 elections. Krüger believes the current macroeconomic environment is highly favorable for assets like Bitcoin, other cryptocurrencies, and stocks.

Krüger's confidence stems from his analysis of the broader market conditions. He states, “The macro environment is currently conducive for risk assets such as Bitcoin (BTC), other crypto assets, and stocks.” He anticipates that the market rally will extend well into 2025, driven by favorable economic factors.

Krüger highlights the significance of major market indices, such as the S&P 500 and NASDAQ, in this anticipated rally. He points out that the correlation between these indices and cryptocurrencies like Bitcoin and Ethereum has become more pronounced and permanent. “Market, in this case, is the S&P 500 index, the NASDAQ, risk assets, equities, and the exchange-traded funds (ETFs). They have finally linked Bitcoin and Ethereum to the macro side on a permanent basis now. This correlation comes back and forth. It’s definitely there,” Krüger explains.

The economist's analysis suggests that as traditional markets perform well, cryptocurrencies will also benefit, driven by the interconnectedness of these financial sectors. This positive feedback loop could see Bitcoin and Ethereum leading a broader crypto rally, with increased investor interest and capital inflow.

As we approach the 2024 elections, Krüger's bullish stance on Bitcoin and other risk assets provides a hopeful outlook for investors. With the macro environment appearing favorable, the potential for significant gains in the crypto market looks promising.