Prominent Analyst Predicts $1 Million Bitcoin Price, Praises Surprise Altcoin, Claims One Altcoin Is Dying – “Heading for the Graveyard”

Cryptocurrency analyst Fred Krueger has shared his outlook on the future of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in a bold statement, praising Bitcoin‘s store of value and Solana’s growing dominance while delivering a sharp critique of Ethereum.

Krueger argued that Bitcoins original vision as a “peer-to-peer payments” cryptocurrency failed because few people used it for transactions. Instead, he said, BTC has proven itself well as a hedge against economic uncertainty and a long-term store of value:

“Bitcoin started out as a ‘peer-to-peer’ cryptocurrency. But that vision has failed. Very few people are using it that way. People are using it to protect their savings. Bitcoin has managed to win that positioning segment in the human mind.”

Krueger remains optimistic about Bitcoin‘s long-term potential, predicting that institutional investment will push Bitcoin’s price to unprecedented levels:

“A hundred trillion will flow into ETFs, corporate treasuries, and MSTR. It will take time, but BTC will reach $1 million, then $10 million.”

Krueger has been highly critical of Ethereum's evolution, claiming that its original concept as a “world computer” was flawed from the start. He has called Ethereum's transition to Proof-of-Stake (PoS) and its emphasis on Layer 2 solutions ineffective.

He predicted that Ethereum was on a downward trajectory, suggesting that it would become obsolete:

“ETH is heading to the graveyard. May he rest in peace.”

In response, Krueger praised Solana as a highly functional blockchain with real-world usability. He believes that Solana will surpass Ethereum in terms of adoption and usage if it does not face scalability issues:

“Some of the others are actually usable. Solana is the leader of the pack. Unless it hits a major performance wall, I don't see any reason why it would fail. It has all the users right now and objectively does its job perfectly.”

He went further, declaring that Solana will overtake Ethereum this year: “Solana will kill ETH. This year.”

Krueger also touched on the Bitcoin maximalist mindset, suggesting that many staunch BTC supporters underestimate Solana due to his strong anti-altcoin stance.

*This is not investment advice.