• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Michaël van de Poppe Predicts Potential $1 Million Bitcoin

user avatar

by Giorgi Kostiuk

a year ago

Bitcoin is experiencing a bull market resurgence, with Michaël van de Poppe projecting a potential $1 million price. However, an upcoming debt crisis might affect assets.

Bitcoin's Growth Prospects

According to van de Poppe, Bitcoin is in a bull market phase but currently stuck in the 'boring zone.' He anticipates the next cycle will be longer, extending to 2026, and believes the $1 million price could be reached with ongoing central bank monetary policies.

Debt Crisis and Bitcoin

Van de Poppe warns that investors are not paying enough attention to the increasing debt, which could lead to a crisis similar to 2008. This may result in decreased purchasing power and negatively impact Bitcoin's price.

When and if that happens, the amount of dollars in circulation is going to drop. And if that happens, purchasing power is going to drop as well, and the price of Bitcoin will also change.Michaël van de Poppe

Impact of Trump's Administration

Van de Poppe also commented on the impact of Trump's administration on Bitcoin, suggesting that short-term effects might be positive if Trump follows through on his plans, but the mid-term impact could be less favourable due to anti-inflation measures.

In the short term, people overrate the elections. [...] Just it doesn’t really make sense, it’s going to be the same outcome at the end of the day.Michaël van de Poppe

Michaël van de Poppe highlights the complexity of the current Bitcoin situation. While the price could reach $1 million, global economic challenges could have significant impacts.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cardano Foundation Aims for Financial Sustainability with New CFO

chest

Cardano Foundation aims for financial sustainability with new CFO Stephen Wood, who will manage financial operations and optimize community incentives.

user avatarSatoshi Nakamura

PEPENODE: The World's First Mine-to-Earn Memecoin

chest

PEPENODE has launched as the world's first mine-to-earn meme coin, offering users a unique mining mechanic that rewards them through an engaging gamified experience.

user avatarJesper Sørensen

Chargenetix and Pluglink Join Forces to Revolutionize EV Charging Infrastructure

chest

Chargenetix Inc has signed a strategic partnership with Pluglink Inc to integrate 50,000 EV chargers into its decentralized charging protocol.

user avatarRajesh Kumar

Sui Network Records Remarkable Outcomes in Q3.

chest

Messari's Q3 report highlights significant growth in Sui Network's market and infrastructure.

user avatarLucas Weissmann

Mysticeti v2 Improves Sui's Consensus Mechanism.

chest

Sui's consensus protocol, Mysticeti, has launched v2, introducing improvements for efficiency and performance.

user avatarLeo van der Veen

Cryptocom collaborates with Sui Foundation for custody assistance.

chest

Cryptocom has partnered with the Sui Foundation to provide custody and liquidity support for SUI tokens, enhancing security and transparency for institutional clients.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.