Widely followed economist Alex Krueger is bullish on overlooked Layer 1 crypto projects as he believes we are in the early stages of a digital asset bull market.
Krueger told his 168,000 followers on social media platform He said more people will be hearing about a certain CORE. Proof of Stake (POS).
Mr. Kruger says,
“There are two types of people in cryptocurrencies.
Have you ever heard of CORE?
And those who do. ”
At the time of writing, CORE is trading at $0.73, up 13% in the past 24 hours.
In a new interview on the 1000x Podcast, Krueger said that the current bull market in Bitcoin and cryptocurrencies is being driven primarily by inflows into spot BTC exchange traded funds (ETFs), but it's only just getting started. .
The economist said that despite recent price corrections in Bitcoin and many altcoins, he thinks it makes sense to hold on for at least until Bitcoin's halving (when miners' rewards are cut in half). It is said that there is
“The problem is that the influx of ETFs is so large that, in my opinion, it's only the beginning. That's what sustains and enables this level of absolute crazy degeneration.
That's what's happening here. I'm wondering if this is actually a good place to hedge your physical stock holdings, basically using futures or PERP, and then unhedge if you flush, and then hedge some (a small portion) of it. That being said, I think it makes a lot of sense to keep it. At least on board the halving.
Things are crazy, but things can get even crazier, and we make the most money on the parts where it gets really, really crazy. So if you just want to be reasonable to protect your interests, that's fine, but you'll be leaving most of your money on the table. ”
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