Altcoins
Economist Alex Krüger bets on crypto positions – here are his Altcoin picks
Popular trader and economist Alex Krüger claims he is currently “max long” in the crypto market.
Kruger tell his 173,800 followers on social media platform
The economist notes that he is soon looking to “reduce risks”. However, he recognizes that Bitcoin (BTC) could fall as low as $52,000 after plunging below $59,000. BTC is trading at $57,093 at the time of writing and is down over 4.5% in the last 24 hours.
Explains Krüger,
“I am not safe from bear raids. My overall vision has not changed: new ATHs later in the year (for Bitcoin). End of cycle views don’t make much sense to me. A correction was to be expected.
The economist too Remarks that he has positions in the Solana layer 1 blockchains (GROUND), Toncoin (TONNE), Aptos (APT) and Core (HEART), as well as the decentralized data storage protocol Arweave (AR) and Bittenseur (TAO), a decentralized blockchain platform focused on machine learning and AI.
Krüger adds that APT, CORE, AR and TAO present “much higher risk” than SOL and TON.
The economist too Remarks that Bitcoin had a bearish response to Wednesday’s statement from the United States Federal Open Market Committee (FOMC).
“It is very rare for the price to completely reverse right after the press conference ends. And bearish, because the FOMC has been dovish. And now you have trapped intraday long positions. The only positive is that BTC is trading in line with stocks.
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