Will FTX Rebound Drive Bitcoin Prices Higher?

Bitcoin’s price could experience a surge, according to economist and trader Alex Krüger, who predicts a potential jump to $120,000 by June. This optimistic outlook is driven by the anticipated distribution of approximately $5 billion in funds recovered from FTX’s liquidation process. Krüger believes these funds will likely be redirected back into the crypto market by major creditors, potentially boosting Bitcoin prices. However, he acknowledges potential risks stemming from uncertainties in US import tariffs and trade disputes, which could dampen market sentiment.