Core

Bitcoin

when

<div class="dailyhodl">
 <p>Widely followed economist Alex Krüger is bullish on one overlooked layer-one crypto project amid what he believes is the earlier stages of a digital assets bull run.</p>
 <p>Krüger tells his 168,000 followers on the social media platform X that many more people are about to hear about Core (CORE), a blockchain that aims to leverage the advantages of Bitcoin’s (BTC) proof-of-work system (POW) plus the attributes of proof-of-stake (POS).</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p>Says Krüger,</p>
 <p><em>“There are two kinds of people in crypto.</em></p>
 <p><em>Those who have heard about CORE.</em></p>
 <p><em>And those who will.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GJYixDxWsAAqTfs?format=jpg&amp;name=large" alt="Image" width="1808" height="968">
  <figcaption class="wp-caption-text">
   Source: Alex Krüger/X
  </figcaption>
 </figure>
 <p>At time of writing, CORE is trading for $0.73, up 13% in the last 24 hours.</p>
 <p>In a new interview on the 1000x podcast, Krüger says that Bitcoin and crypto’s current bull run is largely driven by flows into spot BTC exchange-traded funds (ETFs), which he says are only just beginning.</p>
 <p>According to the economist, despite a recent price correction for Bitcoin and many altcoins, he thinks it makes sense to stay long at least until the BTC halving, when miners’ rewards are cut in half.</p>
 <p><em>“The thing is: the ETF flows are so large, that in my opinion, they are just beginning. That sustains and enables this level of absolute insane degeneracy. </em></p>
 <p><em>That’s what’s happening here. If you are concerned that this is actually a good place to basically hedge your spot holdings using futures or perps to unhedge once it flashes and hedging part of it – a small percentage… That being said, I think it makes a lot of sense to keep on riding into the halving, at least.&nbsp;</em></p>
 <p><em>Things are crazy, but things can get crazier, and we make the most money in the part where it gets really, really f*cking crazy. So if we’re just getting rational to protect profits, yeah that works but you leave most of the money on the table.”</em></p>
 <div class="video-container"><iframe title="YouTube video player" src="https://www.youtube.com/embed/OxY6U9KAbMU?si=Fjxk-2N-B71Rqoqi" width="560" height="315" frameborder="0" allowfullscreen></iframe>
 </div>
 <p>&nbsp;</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/economist-alex-kr-ger-bullish-on-one-under-the-radar-layer-one-altcoin-says-crypto-can-get-crazier-tbt83437.html">https://thebittimes.com/economist-alex-kr-ger-bullish-on-one-under-the-radar-layer-one-altcoin-says-crypto-can-get-crazier-tbt83437.html</a></p>

Economist Alex Krüger Bullish on One Under-the-Radar Layer-One Altcoin, Says Crypto ‘Can Get Crazier’

TheBitTimes

Другие статьи, опубликованные 25 мар. 2024 г.

Solana: Eyes Set on All-Time High Following Jump to $190

Arthur Hayes: SLERF, BOME is ‘more fun’ than TradFi, because…

Leading Mining Pool EMCD Expands Product Lineup with Coinhold and P2P on the Eve of BTC Halving

Grayscale Leads Institutional Offloading of Crypto Products As $942,000,000 Leaves Markets: CoinS...

Goldman Sachs hedge fund clients are piling back into crypto this year

No Ban on Non-Custodial Crypto Wallets Under EU’s AMLR, Says Patrick Hansen

Join our free newsletter for daily crypto updates!