Economist ạc Quan Shares Prediction About Bitcoin Price - "In June..."

Economist Alex Krüger, who closely follows the crypto market, has predicted a target price for Bitcoin of $120,000 by June. In a statement on his social media account, Krüger pointed out two important developments behind this increasing expectation. First of all, Krüger stated that the $5 billion FTX distribution expected to take place on May 30 could create significant momentum for the market and noted that this time, major creditors would receive a payout. He stated that this development could be a positive catalyst for the market. On the other hand, Krüger stated that the 90-day customs tax postponement, which will end on July 9, could put pressure on the market and noted, "Depending on the news flow from the White House, the market may start to worry about customs taxes again in 2-3 weeks." On the other hand, another analyst, Joao Wedson, argued that interpreting recent price fluctuations through institutional demand discourse could be misleading. Wedson said, "Relax, the price is just liquidating the short sellers. It liquidated the short sellers last week. The market always moves towards liquidity," and stated that the current volatility is normal.