- Renowned trader and economist Alex Krüger has announced that he is currently “max long” on the crypto market.
- Despite the recent plunge of Bitcoin (BTC) below $59,000, Krüger maintains his positions in various cryptocurrencies, including layer-1 blockchains Solana (SOL), Toncoin (TON), Aptos (APT) and Core (CORE).
- He also holds positions in the decentralized data storage protocol Arweave (AR) and Bittensor (TAO), a decentralized blockchain platform focusing on machine learning and AI.
Popular economist Alex Krüger takes a bullish stance on the crypto market, maintaining positions in various cryptocurrencies despite Bitcoin’s recent plunge.
Krüger’s Current Crypto Positions
Alex Krüger, a well-known trader and economist, recently announced to his 173,800 followers on Twitter that he is “max long” on the crypto market. Despite multiple hedging and unhedging, he now holds “very concentrated positions” in various cryptocurrencies.
Bitcoin’s Recent Plunge
Bitcoin (BTC) recently dropped below $59,000, and Krüger acknowledges that it could fall as low as $52,000. Despite this, he remains bullish, stating, “My bigger picture view has not changed: new ATHs later in the year (for Bitcoin). End-of-cycle views make little sense to me. A correction was to be expected.”
Investments in Layer-1 Blockchains and Decentralized Platforms
Krüger also revealed his investments in layer-1 blockchains Solana (SOL), Toncoin (TON), Aptos (APT) and Core (CORE), as well as the decentralized data storage protocol Arweave (AR) and Bittensor (TAO), a decentralized blockchain platform that focuses on machine learning and AI. He noted that APT, CORE, AR and TAO are “much higher risk” than SOL and TON.
Conclusion
Despite the volatile nature of the crypto market and the recent plunge of Bitcoin, Alex Krüger maintains a bullish stance. His investments in various cryptocurrencies, including layer-1 blockchains and decentralized platforms, reflect his confidence in the market’s potential for high returns. However, as with any investment, it’s crucial for investors to conduct their due diligence and understand the risks involved.
