Famous mathematician Fred Krueger, one of the experienced names of Wall Street, shared his expectations for the Bitcoin price in his latest video.
Fred Krüeger, a PhD in Mathematics at Stanford University, predicted that Bitcoin would rise based on the Bitcoin Power Law Model and increasing spot BTC ETF inflows.
Fred Krueger claimed that Bitcoin could reach $400,000 by the end of this year and $600,000 by the end of 2025.
Stating that he stands behind his Bitcoin analysis, although the predictions seem ambitious, Krueger believes that the Bitcoin power law, combined with significant inflows into BTC ETFs, could lead to a dramatic increase in the BTC price.
Believing that Bitcoin will make a big breakthrough in this cycle, Fred Krueger said:
“Theoretically, by the end of this year, we should be close to $100,000, maybe $90,000 in terms of the trend line. But we could go two standard deviations above those levels in Bitcoin. That would take us to roughly $200,000 this year, or even exceptionally $400,000.”
If we go one more year and look at 2025, we could be on the $140,000 trend line. And if we get one or two standard deviations above that, we could get to $600,000, that would be a big move.
I think we could really see a high around $500,000 to $600,000 this cycle.
I think it's unlikely we'll go down very much from here in the next two years. And I think it's quite likely that we'll at least double that in the next two years.
Remember, these predictions are based on the model. And it's just a guess.”
*This is not investment advice.