Cryptocurrency expert Michael van de Poppe He recently revealed that he sold all his Bitcoin and moved his capital into altcoins. The analyst explained the reason for this move and noted that he was doing so to gain more… Pioneering encryption Later.
Why this analyst swapped his bitcoin for altcoins
In X (formerly Twitter) mailVan de Poppe explained that altcoins “have been crushed unreasonably hard.” As such, he believes things can only get better from here on out, noting that “the upside (of these altcoins) is undeniable.”
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Based on his interpretation, the analyst suggested that this… Alternative currencies probably It outperforms Bitcoin From now on, the major cryptocurrency has already had its moment before Half When crypto natives exchanged their altcoins for Bitcoin. Before now, Van de Poppe had already predicted that altcoins would bounce back in their Bitcoin pairs after the halving.
he is too Mentioned At that time there will be a shift in the narrative to Ethereum. Recently, he noted that the news about Spot Ethereum ETF This would cause the price of Ethereum and other altcoins to rise. While explaining his decision to replace his bitcoins, he again touched on this and hinted that Ethereum will be an integral part of any move these altcoins make.
Van de Poppe claimed that everyone is expecting the worst, and that applications for the Spot Ethereum ETF will be rejected because the SEC considers the crypto token to be a security. Therefore, he believes that the market has already been priced accordingly and can only recover from now on, even if the SEC ultimately rejects the applications.
The cryptocurrency analyst also claimed that the markets could make a “huge turnaround” if the news ends up being little better than rejection. He also highlighted other developments that could help launch this move. One is FIT21 billWhich the House of Representatives will vote on soon. This bill is expected to provide regulatory clarity for digital assets in the United States.
Van de Poppe also pointed out that A lawsuit filed by the Securities and Exchange Commission against Ripple has reached the “final stage” and predicts that the cryptocurrency company will likely achieve a final victory, which could also help provide a significant boost to these altcoins.
At the same time, he expects it Decentralized Physical Infrastructure Networks (DePIN) Real World Assets (RWA) will be “huge”, with traditional companies moving into the Web3 ecosystem. As such, Van de Poppe urged his followers to “customize” themselves if they wanted to “make a big return.”
Van de Poppe's big bet
It is worth noting that From Bob The decision to exchange his bitcoins for altcoins is not an end in itself but a means to an end. The cryptocurrency expert is hoping to make a 300% to 900% return on his investment in the next six to 12 months. Van de Poppe hinted that he will recycle his capital again Bitcoin After this period, he expected that he could achieve another return ranging from 300% to 600% on his investment as long as… Bitcoin is stabilizing.
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He warned of the risks of taking such a bet, revealing that he is currently down around 20% of his total investment. He also noted that he could still record further losses on his investments, taking these losses into account Alternative currencies It could still see further declines from its current price levels.
However, Van de Poppe added that he is fine whatever the outcome of his investment is. Once again, he reiterated that he “happily devotes” everything he has Capital towards alternative currencies He concluded by saying that the Taurus cycle will be “glorious.”
Chart from Tradingview.com