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Michaël van de Poppe Predicts Potential $1 Million Bitcoin

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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.

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