Bitcoin
Crypto expert Michaël van de Poppe sells all his Bitcoins; Here’s why
Not long after declaring its ‘opportunity cost’ strategy, which involves selling all of your Bitcoins (Bitcoin) possessions, renowned cryptocurrency expert Michaël van de Poppe followed up on his announcement, stating that he has, in fact, sold all his Bitcoins and explaining his reasoning.
It turns out van de Poppe said his recent actions didn’t mean he lost faith in the damsel cryptography active, nor that he expected that he would be reached in this cycle, nor that he had “become a complete believer in Gold”, according to a long X post explanation on May 16th.
Ultimate goal: more Bitcoin
Quite the opposite – the professional crypto trader said he did this because he “intended to get more Bitcoin return at the end of the year”, considering “it is a bull cycle”, and reiterating his previous doubts regarding the traditional four-year cycle of the decentralized finance flagship (DeFi) active.
“Over the past week, we have seen that pension funds, insurance companies and the largest U.S. hedge funds have been allocating funds to Spot Bitcoin ETF. CME Group announced a future ETF will be released and sooner or later we will receive option trading based on Bitcoin becoming a mature asset in the world.”
Therefore, he believes this would gradually reduce the simplicity of the four-year cycle and the impact of halvings, “as institutions care more about the risk appetite in their portfolios combined with macroeconomic events,” and will lower risk in a context of scarcity of liquidity and the strengthening of the dollar.
Due to these factors, van de Poppe argues that “this cycle is, relatively, the final easy cycle to make a lot of money through altcoins” in many ways, but he is choosing the riskiest one – trading “altcoins within the Web 3.0 ecosystem to get more Bitcoin”, where the wrong timing could mean losing your BTC.
Because now?
As for his timing, he explained that the world is becoming “about getting as much Bitcoin and Gold as possible.” Tangible assets. Salable assets, because [quantitative easing (QE)] will begin sooner or later and inflation it is killing your purchasing power, standard of living and enjoyment in life”, therefore “Bitcoin is the result”.
Furthermore, “if you are looking at previous cycles, you would suggest that the rotation from Bitcoin to altcoins (around the halving) happens before the halving. This time is totally different as the markets continued to show strength.”
Furthermore, van de Poppe opined that the downward pressure on altcoins has been “excessively strong” and that “the upside cannot be denied” as well as that “DePIN and RWA will be huge, more and more traditional companies are migrating to the Web 3.0 ecosystem”, and this is why:
“It’s time to dedicate yourself to this if you want to make a big return.”
Pros and cons
As he pointed out, this strategy could give you a “300-900% return over the next 6-12 months on the value of Bitcoin”, or even “another 300-600% (…) if Bitcoin stabilizes during that period, ( … ) whereby you could say that 900-4500% is the estimate of a potential return for the next 12-24 months in this supercycle.”
On the other hand, van de Poppe highlighted that the downside of his bet could be “relatively large”, as it currently “has already fallen by around 20% in a matter of 1-2 weeks overall”. investment”, and that he could lose 50-80%, but that he was okay with that, “as I will find ways to continue my life generating income anyway”.
Bitcoin Price Analysis
Meanwhile, Bitcoin is currently trading at a price of $66,110, which suggests a modest gain of 0.26% in the last 24 hours, a more significant gain of 4.80% in the previous seven days, and a cumulative advance of 4.37% on its monthly chart. , according to data from May 17th.
30-day Bitcoin price chart. Source: Finbold
Considering all this, Michaël van de Poppe’s strategy may make sense, but he is an experienced trader who is fully aware of all the risks and downsides, so doing your own research is critical before trying to imitate his practices, especially as trends in this sector can change suddenly.
Disclaimer: The content of this website should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.