Famous Bitcoin analyst Fred Kruger has turned his attention to the temporary benefits that interest rate cuts offer the Fiat Money system, but said in the long run Bitcoin could exceed $1 million with a strong uptrend.
In its assessment on social media platform X, Kruger argued that Bitcoin will continue to be strengthened by the deflationary pressures created by artificial intelligence in a low interest rate environment.
The following statement stood out in Kruger’s statement:
“Reducing the interest rate to 1% gives the Fiat Money System a decade of breath. However, at the end of this period, artificial intelligence will emerge, creating a strong deflationary effect.
Kruger stated that Bitcoin follows a long-term “power law” curve, claiming that companies that hold Bitcoin on their balance sheet (MicroStrategy, Riot, Mara) are in a much stronger position than their competitors. He said these companies will acquire serious benefits over the next few years thanks to their Bitcoin-focused strategy.
For these reasons, Krueger said he expects more companies to buy Bitcoin over the next five years.
*This is not investment advice.
