Famous cryptocurrency analyst and trader Michaël van de Poppe announced that he sold all the Bitcoins he owned. The trader explained his ‘opportunity cost’ strategy, which involves selling. Van de Poppe said his recent actions do not mean he has lost faith in Bitcoin. He just stated that he doesn’t expect it to peak for this cycle.
What is the analyst’s strategy for the leading cryptocurrency?
cryptokoin.comAs you can see from , analysts have different perspectives on Bitcoin. Popular analyst Michaël van de Poppe says it is not Bitcoin’s time for now. However, the analyst states that he “aims to buy back more Bitcoin later in the year.” Van de Poppe reiterates his earlier skepticism regarding BTC’s traditional four-year cycle, thinking “this is a bull cycle.” In this context, the analyst makes the following statement:
Last week we saw pension funds, insurance companies and the largest US hedge funds allocate funds to the Spot Bitcoin ETF. CME Group announced the launch of a futures ETF, and sooner or later we will begin options-based trading, which is where Bitcoin becomes a mature asset in the world.
The last easy cycle to make a lot of money from altcoins!
Therefore, the analyst believes that “as institutions pay more attention to the risk appetite in their portfolios along with macroeconomic events,” this will gradually reduce the simplicity of the four-year cycle and the impact of halvings, and they will move away from risk as liquidity dries up and the dollar strengthens.
Due to these factors, Van de Poppe suggests that “this cycle is relatively the last easy cycle to make a lot of money through altcoins.” But he chooses the riskiest one. He admits that timing it wrong would mean losing his BTC. The analyst prefers trading altcoins within the Web 3.0 ecosystem to obtain more Bitcoin.
Why Beijing now?
As for timing, the analyst says the world has “become all about buying as much Bitcoin and Gold as possible.” The analyst said, “Fixed assets. Liquid assets! Because QE will start sooner or later. Inflation kills your purchasing power, your standard of living and your enjoyment of life. So Bitcoin is the result.’ says.
Moreover, the analyst draws some conclusions from previous cycles. In this context, you could argue that “the pivot from Bitcoin to altcoins occurred before the halving. This time the situation is completely different. Because markets continued to show strength.” says. On top of that, van de Poppe states that the downward pressure on altcoins is “unreasonably harsh.” He also notes that “the upside impact is undeniable” and that “DePIN and RWA will be huge, with more and more traditional companies migrating to the Web 3.0 ecosystem.” “If you want a big return, now is the time to dedicate yourself to this area,” the analyst said. he adds.
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