Alex Krüger Believes Bitcoin Eventually Be Worth $1M, Big Question Is: When?

Alex Krüger, an economist and a crypto analyst, looks into Bitcoin and shares his outlook for the leading crypto asset for the coming weeks and months.

Krüger, who spoke with Scott Melker, gave a prediction that Bitcoin will eventually be priced at $1 million. Begin certain that it would, however, he couldn’t put a timing for the target.

“One million Bitcoin? I think it will happen, most definitely. I have no idea when. I think it’s way out there.”

The economist also discussed a year-end price target for Bitcoin, which is seemingly vague.

“$100,000 by year-end is possible. I think it’s very unlikely – or let’s put it this way, it’s unlikely – it’s not very unlikely. I thought it was delusional under normal circumstances. But these are not normal circumstances.
We just had a slew of ETFs (exchange-traded funds) approved and that changed everything, I think. So my base-case scenario is more like $75,000 – $85,000. Can we hit $100,000 by year-end? We definitely can.”

Bitcoin could become a bigger asset class than gold in 10 years time, as young people are more prone to it, the analyst predicted.

“Bitcoin becomes an asset. It could be bigger than gold in 10 years. I think Bitcoin’s role is actually competing against gold. It is the gold of the younger generations.”

Comparing crypto to other markets, Krüger believes that crypto sector will continue to outperform other assets for the foreseeable future.