Famous Bitcoin Analyst Reveals Target of 400,000 Dollars First, Then 1 Million Dollars for BTC Price!

Famous Bitcoin analyst Fred Krueger pointed out the temporary advantages that interest rate rebates would provide to the fiat currency system, but he stated that in the long run, Bitcoin could surpass 1 million dollars with a strong rise trend.

In an assessment made through social media platform X, Krueger argued that Bitcoin will continue to strengthen along with the deflationary pressures created by artificial intelligence in a low-interest environment.

The following statements were highlighted in Krueger's explanation:

"Reducing interest rates to 1% will give fiat currency systems a 10-year breath of fresh air. However, at the end of this period, artificial intelligence will kick in, creating a strong deflationary effect. Bitcoin could easily surpass $400,000, or even $1 million, much earlier and more comfortably during this timeframe."

Krueger stated that Bitcoin follows a long-term "power law" curve, arguing that companies holding Bitcoin on their balance sheets, such as MicroStrategy, RIOT, MARA, are in a much stronger position compared to their competitors. He expressed that these companies will gain significant advantages in the coming years thanks to their Bitcoin-focused strategies.

Krueger stated that for these reasons, he anticipates that many more companies will purchase Bitcoin in the next 5 years.