Famous Bitcoin analyst Fred Krueger drew attention to the temporary advantages that interest rate cuts would provide to the fiat money system, but said that in the long run, Bitcoin could exceed $1 million with a strong uptrend.
In his assessment on the social media platform X, Krueger argued that Bitcoin will continue to strengthen with the deflationary pressures that artificial intelligence will create in a low interest rate environment.
The following statements stood out in Krueger's statement:
“Reducing interest rates to 1% would give the fiat money system a 10-year breath. However, at the end of this period, artificial intelligence will come into play and create a strong deflationary effect. Bitcoin could exceed $400,000 or even $1 million much earlier and easily in this time period.”
Stating that Bitcoin follows a long-term “power law” curve, Krueger argued that companies that hold Bitcoin on their balance sheets (e.g. MicroStrategy, RIOT, MARA) are in a much stronger position than their competitors. He stated that these companies will gain serious advantages in the coming years thanks to their Bitcoin-focused strategies.
For these reasons, Krueger stated that he predicts that many more companies will buy Bitcoin in the next 5 years.
*This is not investment advice.
