Toncoin

<div class="dailyhodl">
 <p>Popular trader and economist Alex Krüger says he’s currently “max long” on the crypto market.</p>
 <p>Krüger tells his 173,800 followers on the social media platform X that he’s hedged and unhedged multiple times but he’s now max long in “very concentrated positions.”</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p>The economist notes that he’s looking to “de-risk” soon. However, he acknowledges that Bitcoin (BTC) could drop as low as $52,000 after plunging below $59,000. BTC is trading at $57,093 at time of writing and is down more than 4.5% in the past 24 hours.</p>
 <p>Explains Krüger,</p>
 <p><em>“I’m not immune to bear raids. My bigger picture view has not changed: new ATHs later in the year (for Bitcoin). End-of-cycle views make little sense to me. A correction was to be expected.”&nbsp;</em></p>
 <p>The economist also notes that he has positions in the layer-1 blockchains Solana (SOL), Toncoin (TON), Aptos (APT) and Core (CORE), as well as the&nbsp;decentralized data storage protocol Arweave (AR) and Bittensor (TAO), a decentralized blockchain platform that focuses on machine learning and AI.</p>
 <p>Krüger adds that APT, CORE, AR and TAO are “much higher risk” than SOL and TON.</p>
 <p>The economist also notes that Bitcoin had a bearish response to Wednesday’s U.S. Federal Open Market Committee (FOMC) statement.</p>
 <p><em>“Very rare for price to reverse in full right after the press conference is over. And bearish, as the FOMC was dovish. And now you have trapped intraday longs. The one silver lining is BTC is trading in line with equities.”</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/economist-alex-kr-ger-goes-max-long-on-crypto-positions-here-are-his-altcoin-picks-tbt87287.html">https://thebittimes.com/economist-alex-kr-ger-goes-max-long-on-crypto-positions-here-are-his-altcoin-picks-tbt87287.html</a></p>

Economist Alex Krüger Goes ‘Max Long’ on Crypto Positions – Here Are His Altcoin Picks

TheBitTimes

Other articles published on May 3, 2024

ZeroHedge will host a weird gold v. bitcoin debate today

Here’s Why Bitcoin (BTC) Price Is Gaining Today

DOGE Falls 16% in a Week; Analysts Predict Bull Run

10x Research’s Markus Thielen’s Bitcoin Crash Prediction

Cardano Isn't Really 'Hated,' ADA Whale Explains Reason Behind FUD

Jim Cramer Predicts AI Will “Drive Refresh For Apple”

Join our free newsletter for daily crypto updates!