Economist Predicts $120,000 Bitcoin by June; Analyst Sees Potential Market Volatility

Cryptocurrency expert Alex Krüger has forecasted a price target of $120,000 for Bitcoin in June. In his social media post, Krüger highlighted two key factors driving this optimistic outlook. First, the planned $5 billion FTX distribution on May 30th, involving major creditor payments, could provide significant market momentum. Secondly, the upcoming 90-day customs duty postponement, due to end on July 9th, potentially adds another layer of market volatility depending on the White House’s communication and associated news flow.