Alex Krüger: Bitcoin price will probably never fall below $60,000 again

Bitcoin reached a new milestone today by rising above $75,000, right after the news that Donald Trump won the US presidential election.

Economist Alex Krüger estimates there is a 50% chance that Bitcoin will never fall below the $60,000 mark again. According to him, growing optimism in the market, combined with expectations of a more crypto-friendly policy under Trump, is a key driver for this positive outlook.

Trump’s victory and the impact on Bitcoin

According to Krüger, Trump’s victory could give a huge boost to the Bitcoin market. He even predicts that the stock could potentially reach $90,000 by the end of this year. Krüger points to the optimism that Trump’s pro-crypto stance brings and the expectation that his policies will be beneficial for the digital currency.

Previously, Krüger warned that a Kamala Harris victory would likely have led to a correction, with a possible drop to $65,000. However, with Trump coming to power, the stage seems set for a more bullish scenario for Bitcoin.

Is Bitcoin Undervalued?

James Van Straten, another well-known analyst, largely agrees with Krüger but is even more optimistic. He emphasizes that Bitcoin historically tends to rise after US elections, regardless of the outcome. According to Van Straten, the price could even rise to above $100,000 in 2025.

Van Straten points out that the April 2024 halving has had less impact on the market than normal so far, which he says shows that Bitcoin is currently undervalued. He expects the peak of this market cycle to be in the fourth quarter of 2025, based on trends from previous cycles.

Short-term volatility

While the long term looks promising, analysts warn of volatility in the coming months. Trump’s inauguration in January and speculation about his economic and crypto policies could cause fluctuations in the market. Yet there appears to be great optimism among investors, which is already visible in the rising prices today.

With Bitcoin above $75,000 and the possibility of further increases to $90,000 or even $100,000, the market appears to be entering a new era. Trump’s victory is seen as a catalyst for growth in the crypto sector, with confidence in positive policies prevailing.