Bitcoin Expert Warns The Dam is About to Break at All-Time Highs

Bitcoin’s rally to all-time highs is more than just numbers on a chart, according to The Big Bitcoin Book author Fred Krueger — it's a culmination of shifting tides in finance and the result of a fresh promise: The possibility of a U.S. Bitcoin Strategic Reserve.

Krueger joined us to break down why he’s convinced that 2024 is shaping up to be a “perfect storm” for Bitcoin. For him, it’s more than just the recent political swing in the U.S. or ETFs attracting institutional cash; it’s about a new, unstoppable momentum he believes will put Bitcoin front and center.

“The election changes everything,” Krueger said. “It could have gone the other way. Had we had a different outcome in the election, we might be looking at $50,000, not $100,000. We have the best of all possible worlds for Bitcoin right here. We just added kerosene to the fire.”

While it’s easy to fixate on Bitcoin’s latest ETF-driven price action, Krueger’s eyes are on the sheer scale of capital that could flood in from traditional finance (TradFi) as institutions scramble to get in on the action. He broke down the math: traditional U.S. financial market players sit on a staggering $100 trillion, but barely a sliver of that has touched Bitcoin.