Wall Street veteran Fred Krueger has made a bold prediction for Bitcoin’s future price, suggesting that it could soar to $400,000 by the end of this year and reach an incredible $600,000 by 2025.
Krueger, a renowned mathematician with a PhD from Stanford University, recently shared his insights in a video where he discussed the Bitcoin Power Law Model and the growing inflows of spot BTC ETFs. Despite the ambitious nature of his forecasts, Krueger remains confident in his analysis, attributing the potential price surge to the power law dynamics and the increasing investments in BTC ETFs.
According to Krueger, Bitcoin is poised for a significant breakthrough in its price trajectory. He anticipates that by the end of this year, Bitcoin could surpass $200,000, potentially even reaching $400,000. Looking ahead to 2025, he envisions the cryptocurrency hitting $600,000, marking a substantial leap from its current levels.
Krueger emphasized that these projections are based on a mathematical model and should be viewed as speculative rather than investment advice. He expressed optimism about Bitcoin’s future performance, suggesting that a price range of $500,000 to $600,000 is plausible in the upcoming cycle.
For those interested in investing in cryptocurrencies, Krueger recommends registering with Binance exchange, offering a 20% commission discount. To stay updated on the latest news and data, follow their Telegram and Twitter accounts for exclusive insights.