Latest news with #FredKrueger
Time of India
28-05-2025
- Business
- Time of India
Where is Bitcoin headed? Legendary investors weigh in, and traders should take note
Bitcoin may surge to $150,000 by August, says analyst Peter Brandt. Bitcoin hit a new high recently. It reached $111,970.17 on May 22. Another expert, Fred Krueger, forecasts even higher prices. He expects Bitcoin to reach $600,000 in October. Market observers are keenly watching these predictions. Tired of too many ads? Remove Ads Big Gains Needed to Meet Target Peter Brandt's Call Comes After Bitcoin's ATH Tired of too many ads? Remove Ads Fred Krueger Is Even More Bullish FAQs Bitcoin could be on track to reach somewhere between $125,000 and $150,000 by the end of August, as per the analysis by legendary trader Peter Brandt, who is known for accurately projecting past moves in the S&P 500, according to a to meet Brandt's projection, Bitcoin would need to gain over $13,000 each month until August, as per The Street report. While the veteran trader also signalled that his prediction leans toward the speculative side, as he mentioned, "On track maybe for top of $125,000 to $150,000 by end of August????", emphasising, "Hey trolls, note the ?????", in his technical analysis post on social media platform X, according to the technical analysis of the Bitcoin price chart on X was posted on May 21, which was the day Bitcoin reached its new all-time high (ATH) of $109,487.23, reported The wrote on his X post, "I think it is wonderful Bitcoin is making ATHs. I am long. I actually think ATHs is not technically significant," adding, "Bull markets make ATHs all the time. It is the definition of a bull market," as quoted in the record high price of BTC is $111,970.17, which it reached on May 22, while Bitcoin reached its previous all time high of $109,241 on January 20, before US president Donald Trump's presidential inauguration, as per The READ: Frustrated with Trump's U.S. policy, Greenland rethinks investment alliances and considers China as an alternative According to The Street, Wall Street veteran and mathematician Fred Krueger is even more bullish on Bitcoin, as he projects BTC to reach $600,000 in says they're normal in bull markets and not technically significant, though still a sign of strength.$111,970.17, reached on May 22, as per The Street.
Yahoo
26-05-2025
- Business
- Yahoo
Wall Street Legend sounds alarm on uncommon asset after S&P 500 prediction
Legendary trader Peter Brandt — best known for nailing past moves in the S&P 500 — has a latest market projection that is worth paying heed to. Brandt shared a technical analysis of the Bitcoin price chart on X on May 21 — the day Bitcoin broke record to hit a new all-time high (ATH) of $109,487.23. Brandt said while the recent Bitcoin ATH was "wonderful," it isn't technically significant. ATHs are common during a bull market; in fact, it is "the definition of a bull market," he added. As per his technical analysis, Bitcoin is "maybe" on the way to top $125,000-$150,000 by end of August, the veteran trader projected. Bitcoin hit its previous ATH of $109,241 on Jan. 20, ahead of Donald Trump's presidential inauguration. So far, the highest price of BTC is $111,970.17, which it hit on May 22; it was trading at $109,617.88 at the time of writing, as per Kraken's price feed. The king coin is required to add more than $13,000 to its value each month until August to meet Brandt's expectation. However, the trader indicated to his followers that the prediction was rather speculative, "Hey trolls, note the ?????" Wall Street veteran and mathematician Fred Krueger is even more bullish on Bitcoin, which he expects to hit $600,000 in October. Launched in 2009, Bitcoin is the largest cryptocurrency, with a market cap of $2.17 trillion. The total crypto market cap stood at $3.44 trillion at the time of writing. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing. Wall Street Legend sounds alarm on uncommon asset after S&P 500 prediction first appeared on TheStreet on May 26, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
22-05-2025
- Business
- Business Mayor
Bitcoin hits new all-time high,100% of BTC holders in profit
Bitcoin hit a new all-time high above$109,000 on May 21, 2025. The milestone saw 100% of BTC holders fall into profit. Bitcoin also surpassed Amazon in terms of market cap Bitcoin price has just surged to a new all-time high above $109k. On May 21, 2025, the price of Bitcoin spiked more than 4%, storming past its previous ATH as optimism swept bears aside. Over $50 million worth of BTC shorts were liquidated in just an hour. 100% of Bitcoin holders are in profit This latest Bitcoin price surge sent every other holder of the coin into a profitable position. According to data from Sentora, formerly IntoTheBlock, 100% of Bitcoin addresses were in the money amid the massive milestone. With Bitcoin (BTC) price retesting the $109k level, holders underwater declined to zero. Also at 0% were addresses with the money, meaning wallets whose average buy price was at or near the previous ATH. Sentora had earlier shared via X on May 21, 2025, that BTC holders were 99% in profit as the price crossed the $107k level. A lot of those celebrating the new ATH are hodlers who have held BTC for more than a year. The percentage count according to Sentora data is 75%. More than 21% have held Bitcoin for 1-12 months. Notably, when Bitcoin price fell to under $80k in April, new holder wallets were among those to aggressively offload. Analyst says BTC could hit $600k in 2025 On May 21, as Bitcoin price surged towards its all-time high above $109k, Fred Krueger shared his staggering Bitcoin price prediction for 2025. Read More BNB Price Could Resume Upside Unless The Bulls Fail At $610 According to the BTC bull, the top crypto could see its price hit $600k by October 2025. While this may be an overly bullish take, his forecast is that a run to $150k by the summer will provide the impetus for a new parabolic leg up. Once we escape past 110K, there is no more friction. Its a smooth ride to 150k. 'Ground Control to Major Tom' — Fred Krueger (@dotkrueger) May 21, 2025 Saylor says it's time to buy BTC As Bitcoin rose to its new ATH, Michael Saylor, founder of Strategy, said Bitcoin is still a buy despite the rally. In a post on X, Saylor noted that not acquiring BTC at current price levels is 'leaving money on the table.' Earlier, in late April, the MicroStrategy founder noted that soon banks and global financial institutions will soon make Bitcoin 'unaffordable' to the regular investor. The remarks mirror numerous predictions that see BTC at $200k in 2025 and $1 million in the next few years. Bitcoin surpasses Amazon by market cap In the past 24 hours, the benchmark crypto has also notched another milestone – its market cap has surpassed that of Amazon. JUST IN: Bitcoin overtakes Amazon and Google to become the 5th biggest asset in the world. — Bitcoin Archive (@BTC_Archive) May 21, 2025 According to details on CompaniesMarketCap, Bitcoin's spike above $109k sees it overtake Amazon, the leading e-commerce company listed in the U.S. While Amazon currently sits at a $2.157 trillion market cap, Bitcoin has increased to over 2.166 trillion.
Yahoo
21-05-2025
- Business
- Yahoo
Wall street veteran says Bitcoin could hit $600K by October
While the crypto community has spent days expecting Bitcoin to hit a new record high, Wall Street veteran and mathematician Fred Krueger has come up with an extremely bullish prediction for the king coin. On May 20, Krueger shared on X a 90-day timeframe beginning July 21 when Bitcoin will begin rising in value in response to macroeconomic trends. Krueger doesn't expect enough buyers for the Treasury auction — the process of the Treasury selling government debt like Treasury bills and bonds to raise money for federal expenditure or covering debt — worth $20 billion expected around July 21, with the Federal Reserve hinting at 'extraordinary measures.' The action should send Bitcoin rallying to $158,000-$165,000 within 24 hours, he claims. Next, Krueger expects BRICS (Brazil, Russia, India, China, and South Africa) nations to announce on July 25 an independent global payment rail to settle in gold and Bitcoin and reduce reliance on the U.S. dollar. While Fed Chair Jerome Powell might protest that the dollar system is 'robust,' nobody would believe him. Bitcoin will further rise to $180,000, he predicts. Krueger then expects the Fed to announce yield curve control (YCC) around Aug. 4 to keep maximum interest rates on the 10-year Treasury yield at 6.5%. The Fed's action would lead to a dollar devaluation, with BTC skyrocketing to $215,000, he argues. Around Aug. 14, Krueger expects a threefold action: Germany announcing 10% gold reserve backing for the euro, countries like Venezuela, Turkey, and Nigeria moving forex reserves to Bitcoin, and Tether issuing a new BTC-backed stablecoin. Bitcoin will soon rise to $265,000, as per the analyst. Krueger thinks the Fed will begin exploring Fedcoin, a central bank digital currency (CBDC) which is the digital form of the dollar, around Sep. 5. Treasury yields would exceed 8.5% — against the Fed's target of 6.5% — before YCC controls them. Bitcoin will rally to $390,000 in the ensuing week, he predicts. Next, Apple, Tesla, and Google should announce Bitcoin accounting conversions around Sep. 15 as the largest public companies begin adding the asset to their balance sheets, as per the analyst. With the entire Latin America shifting to Bitcoin, the cryptocurrency will rally to $460,000, he adds. Even the International Monetary Fund (IMF) will announce a new global reserve basket with Bitcoin occupying 50% of it, which will further push the asset's price to $525,000 around Sep. 25, Krueger predicts. The analyst expects the U.S. to finally take charge around Oct. 6 as it restructures the U.S. dollar, 25% backed by BTC and gold each. It will also launch a CBDC as the Fed's balance sheet stands at $44 trillion. Bitcoin will then reach that target of $600,000, Krueger claims. Earlier, the Wall Street veteran even advised buying Bitcoin and not investing in Bitcoin treasury companies. QuickSwap co-founder Roc Zacharias responded that though "Fred is being funny here," a lot of this will happen but over a longer time frame. As per Kraken, Bitcoin was trading at $105,325 at the time of writing. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Business
- Yahoo
Analyst warns on overvalued tech stocks
Wall Street veteran and 'The Big Bitcoin Book' author Fred Krueger has a stern warning for investors in the traditional finance (TradFi) industry. Krueger wrote on X on May 9 that it is high time that traditional investors begin to buy Bitcoin, as the value from investing in the tech sector has been dipping. In fact, there is little time left before Bitcoin is worth more than any equity, he added. The analyst further said that traditional investors have been betting on QQQ — the Nasdaq 100 index — for the past 15 years. Other than the Magnificent Seven, the result of betting on the "American Tech Machine" has proven to be mediocre, he explained. The analyst said that these stocks are now offering price-to-earnings (P/E) ratios of 35. It means investors are paying $35 for every $1 of a company's earnings — hardly worth it. Even these stocks are about to hit "a wall of protectionism," he added. Krueger urged investors loaded on tech stocks to opt for Bitcoin. He, however, rued that most of the investors won't buy it, and those who buy the king coin won't buy enough of it. On May 8, Bitcoin's price surpassed the $100,000 level for the first time since early February. Its price neared $105,000 on May 10 as the U.S.-China tariff talks began in Switzerland. Krueger predicted that Bitcoin's price will move from $110,000 to $150,000 quickly. Note that its record high is $108,786, which it hit on Jan. 20. As per Kraken's price feed, the cryptocurrency was trading at $104,025 at press time. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
