
Jakarta, Pintu News – Despite recent bearish pressure on Bitcoin , market analysts remain optimistic with predictions that the cryptocurrency will reach new highs in the near future.
Fred Krueger, a prominent mathematician with a PhD from Stanford, has made a bold prediction that Bitcoin will reach a new price peak within this week.
This prediction comes despite a price drop from almost $110,000 to around $103,000 before recovering slightly to $105,000.
Fred Krueger, who has over 163,000 followers on platform X, recently updated his predictions on Bitcoin (BTC), stating that there is a high probability that the currency will reach new highs within a few days.
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This prediction is based on his previous analysis which also predicted that Bitcoin (BTC) will reach a new price record in 2025 with a 77% probability.
Krueger also outlined a scenario he calls “The Final Run”, which starts with a failed auction of $200 billion worth of US Treasuries in 2025, which then triggers a crisis of confidence in the US dollar.
According to him, this will encourage BRICS countries to adopt payment systems that use Bitcoin (BTC) and gold.
Although the scenario outlined by Krueger is still speculative, Bitcoin (BTC) recently recorded its highest monthly close at $104,591. This signals increased interest from both institutional and retail investors, as well as strong support for higher price levels.
Bitcoin (BTC) continues to show its resilience to market volatility, with its current price hovering around $105,475. This shows that investor sentiment towards Bitcoin (BTC) remains positive despite the price fluctuations.
Charles Hoskinson, founder of Cardano, at a Bitcoin conference, expressed his views on the long-term market value and growth of the Bitcoin (BTC) ecosystem.
Read also: Bitcoin Holds Strong at $105K — Is a Major Reversal Just Around the Corner?
He projected that Bitcoin (BTC) could reach a valuation of between $250,000 and $500,000, within the broader $10 trillion Bitcoin economy.
Hoskinson emphasized that the fundamental principles of Bitcoin (BTC)-the exclusive use of BTC for transactions, fees, and yields-are important limitations that currently hinder integration with DeFi.
However, he also highlighted ongoing development efforts that could enable DeFi features while still maintaining the core Bitcoin (BTC) standard.
Overall, the prediction of Bitcoin (BTC) prices hitting new records shows optimism based not only on speculation but also on in-depth analysis and ongoing infrastructure developments.
Despite market fluctuations, confidence in the long-term value of Bitcoin (BTC) seems to remain strong among analysts and investors.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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