The CEO of Aike Capital, a prominent asset management firm, has shared his belief that the era of profiting from Bitcoin investment is over.
Alex Krüger recently tweeted that investors who hope to get rich from BTC investments are out of luck, as that “ship has sailed.”
Krüger went on to explain that Bitcoin is now better suited for saving funds, rather than investing, with only those who provide BTC-related services able to profit.
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Krüger admitted that his tweet was a social experiment, designed to gauge the reaction of his followers to such a statement. He was pleased to note that the experiment was a success, with a significant number of comments and likes received.
Krüger explained that divisive statements tend to attract more attention, leading to a polarized response.
Despite the social experiment, Krüger stands by his statement that Bitcoin is currently only good for storing amassed wealth, along with trading and hedging against fiat currency risks.
When discussing crypto trading strategies, Krüger advised against using high leverage, instead recommending trading assets with high volatility using personal funds.
Krüger also commented on a tweet predicting that Bitcoin’s price could rise tenfold in the next three to five years, stating that while that prediction may be overly optimistic, a fivefold increase is a possibility.
He went on to suggest that the worst-case scenario for the cryptocurrency market is now behind us, and that a bullish trend is on the horizon.