Economist Alex Krüger Says Ethereum Should Take Over Because Bitcoin Is ‘Clearly Capped’

Alex Krüger, an economist with a large following, thinks Ethereum (ETH) may soon attract more investors than Bitcoin (BTC).

The analyst informs his 162,000 X-platform followers that, in his opinion, Bitcoin has reached its peak and that Ethereum will soon begin to beat Bitcoin (ETH/BTC).

He claims the cryptocurrency market’s reaction to Tuesday’s rumor that the U.S. Securities and Exchange Commission (SEC) had authorized a spot market ETF seems to have been predictive of the market’s reaction to the announcement. On Wednesday, approval was granted.

“The upside for Bitcoin is evidently limited until real funds enter the market, according to fake ETF reports. Ethereum needs to take control now.”

As of this writing, one bitcoin is trading for $45,783, a slight increase over the last day. The expert thinks the ETH/BTC pair has hit bottom after recovering from the critical level of 0.0479. Additionally, he implies that the approval of an Ethereum ETF for the spot market would be imminent, which might trigger a rise in ETH.

According to the expert, being long on Bitcoin before the spot market approved the BTC ETF was the right move.

“The Bitcoin ETF transaction is the only opportunity you’ll ever have to earn money quickly and effortlessly. It was as simple as going far away and ignoring the commotion.”

He claimed that the crypto market’s decline earlier this week prevented a potential sell-the-news event for a spot Bitcoin ETF approval.

He does point out that the Chicago Mercantile Exchange (CME) futures open interest for Bitcoin has hit a significant level, which may suggest that price volatility is still a possibility.

“Following Monday’s substantial leverage flush-out, the odds of a Bitcoin sell-the-news on ETF clearance or start are far lower presently. The high level of interest in CME is the only cause for worry.”

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