Joel Kruger is a market strategist at LMAX Group with over a decade of experience specializing in foreign exchange (FX) markets. Since joining LMAX Group in August 2014, he has also delved into cryptocurrency, sports markets, and digital art. Joel holds a Bachelor of Arts degree from Yeshiva University, where he graduated with honors, and has furthered his studies at the University of Toronto. His diverse expertise and forward-thinking approach make him a prominent figure in financial strategy and market analysis.
The cryptocurrency hit a record just below $77,000 on Thursday.
Bank of England aiming to bolster economy amid rising uncertainties and weakened consumer confidence
Bitcoin has historically experienced strong gains in October, and the trend seems to be holding this year.
"Bitcoin's going to be very well supported on this longer-term store value proposition, and on this hedge against inflation proposition."
"Volumes have been quite a bit lower than 30-day average volumes, suggesting the price action should be taken with a grain of salt."
"Bitcoin has not had the opportunity to really shine as a safe haven store value asset."
"Everything has been built around what is going on in the US equities market for years now and I do think there will be a rotation. Usually what triggers that is [interest] rates changing."