Cryptocurrency expert Michael van de Poppe He recently revealed that he sold all his Bitcoin and switched his capital to altcoins. Analysts explained the reason for this move and said that they are doing this to acquire more assets. Main cryptocurrency later.
Why this analyst traded Bitcoin for altcoins
In an X (formerly Twitter) post, Van de Poppe explained that altcoins are being “unfairly crushed hard.” As such, he believes that things can only get better from now on, noting that “the upside[of these altcoins]is undeniable.”
Based on his explanation, the analyst suggested: altcoin probably Outperforming Bitcoin The main cryptocurrencies have already reached that moment, so what will happen in the future? cut in half When crypto natives exchange altcoins for Bitcoin. Van de Poppe previously predicted that the altcoin Bitcoin pair would rebound after the halving.
He also mentioned At the time, we expected a shift in the story to Ethereum. Most recently, he said: Spot Ethereum ETF It will cause a rise in Ethereum and other altcoins. When explaining his decision to exchange Bitcoin, he touched on this again, hinting that Ethereum is integral to every move these altcoins make.
Van de Poppe argued that everyone expected the worst: the application for a Spot Ethereum ETF would be rejected because the SEC considers crypto tokens to be securities. So even if the SEC ultimately rejects the application, he believes the market is already priced in and will have no choice but to recover.
The cryptocurrency analyst further argued that the market could make a “significant U-turn” if the news ends up being slightly better than a rejection. He also highlighted other developments that could trigger this move. One is, FIT21 bill, the House is expected to vote soon. This bill is expected to clarify regulations for digital assets in the United States.
Van de Poppe also said: SEC lawsuit against Ripple has reached the “final stage” and predicts that the crypto firm is likely to secure the final victory, which could give a big boost to these altcoins.
On the other hand, he expects Distributed Physical Infrastructure Network (DePIN) Real World Assets (RWA) will go “at scale” as traditional enterprises migrate to the Web3 ecosystem. Van de Poppe therefore urged his followers to “allocate” themselves if they want to “reap great benefits.”
Van de Poppe's big bet
It is worth noting that Mr. Van de Poppe His decision to exchange his Bitcoin for altcoins is a means to an end, not an end in itself. The cryptocurrency expert hopes to get a return of 300% to 900% from his investment within the next 6 to 12 months. Van de Poppe hinted at the idea of returning the capital to its original region. Bitcoin After this period, he predicted that he could earn an additional 300% to 600% return on his investment as long as this period lasted. Bitcoin becomes stable.
He warned of the risks of making such bets, revealing that investments are currently down about 20% overall. He also said that taking these factors into account could lead to even higher losses on investments. altcoin Further declines from current price levels are possible.
But Van de Poppe added that he doesn't care what the outcome of the investment is. Again, he reaffirmed that he is “happy to allocate” his full amount. Funds in altcoins He concluded by saying the bullish cycle will be “brilliant.”
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