Well-known crypto trader and strategist Michael van de Poppe announced the bold Bitcoin (BTC) forecast. In a new video, Van de Poppe discussed the tidal cycle of the crypto bull cycle and explained why the moment is dangerous to bet on a bear market:
If you want to bet on a bear market, you’re betting on something that doesn’t happen very often. If you do, you bet against the general trend of the market …
I’m sure we are in a bullish cycle and betting in the bear market is really complicated… especially in a market where the US dollar is depreciating over time…
I think the bet you want to be involved in is crypto and I think you want to be included in altcoins.
Van de Poppe said as the US dollar continues to depreciate and institutional money flows into the leading cryptocurrency; He thinks the bull market will move forward by increasing the price of BTC to six digits as the BTC supply is also running out.
Considering the fact that there are more options for corporate money and greater adoption, BTC buying; We made Coinbase accept PayPal orders for Bitcoin …
The more things happen, the heavier the supply shock for Bitcoin. This means that as there is less supply in the market right now, there is enough demand to raise the price.
You can see that the amount of BTC in circulation drops drastically with the storage of Bitcoins going to hardware wallets and for investment purposes.
Will we go with Bitcoin for $ 300,000 or $ 500,000? I think we’ll see because if you look at the valuation of gold at this stage, it’s around $ 12 trillion. If you calculate this for Bitcoin at this stage, we will already reach $ 500,000. So if you calculate the top of this cycle for Bitcoin, I think it’s over $ 250,000 and it’s 350,000-450. It will be close to $ 000. I guess we won’t be able to see them this year. I think we will experience more important horizontal movement pathways.
Van de Poppe: Bitcoin and altcoin market could see $ 10 trillion!
Van de Poppe also generally thinks about where we are in the current crypto bull market and suggests that we are in the “1998-1999 dot com bubble” and that the market cap of the crypto market will rise almost 500% from here:
The crypto market cap is set to see $ 10 trillion in this cycle.