Analyst Michaël van de Poppe expressed a positive outlook on cryptocurrencies and commodities, predicting they could enter a 10-year bull market.
Michaël van de Poppe’s Forecast
Analyst Michaël van de Poppe believes that cryptocurrencies and commodities could dispel bullish sentiment. He explained that these assets are undervalued and could soon slide into a 10-year bull market. Van de Poppe shared a Bloomberg chart showing that current commodity asset valuations are at levels last seen in 1971 and 2000.
Impact of Global Liquidity
Founder and CEO of Global Macro Investor Raoul Pal also expressed a bullish sentiment on Bitcoin. According to Pal, an imminent rise in global liquidity could propel the next Bitcoin bull run. Pal explained that refinancing debts from leading economies could increase global liquidity.
Bitcoin Price Prediction
According to Coinmarketcap, Bitcoin has been up 6% in the last seven days and is currently trading at $58,710. Analyst Titan of Crypto predicted that Bitcoin's price could reach $92,000 in the next bull rally.
Many analysts have positive sentiments about cryptocurrencies and commodities, suggesting that current levels are undervalued and may enter a long-term bull trend.
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