Originally published on: November 11, 2024
Renowned trader and investor, Michaël van de Poppe, predicts that Bitcoin could reach an astonishing $1 million per coin in the coming years as the cryptocurrency enters a bullish phase. However, he warns that such a monumental price increase may be accompanied by a broader debt crisis that could have detrimental effects on all asset prices in the short term.
During an exclusive interview with Decentralize with Cointelegraph host Jonathan DeYoung at DKGcon 2024 in Amsterdam, Van de Poppe discussed the current state of the Bitcoin market, potential altseason developments, the implications of a Donald Trump presidency, and much more.
Van de Poppe believes that Bitcoin is on the cusp of a major market shift, anticipating a significant uptrend in the coming year that could extend well into 2026. He emphasizes that central banks’ continued money-printing policies could pave the way for Bitcoin’s monumental rise to $1 million.
Despite the optimistic forecast, Van de Poppe cautions investors against overlooking the escalating levels of debt in the global economy, warning of a looming debt crisis akin to the one witnessed in 2008. He also delves into the potential impact of the incoming Trump administration on Bitcoin, stating that regardless of government policies, Bitcoin’s fundamentals remain strong and unaffected.
For more insights from Michaël van de Poppe, including his thoughts on an impending altseason and advice for traders of all levels, tune in to the full episode of Decentralize with Cointelegraph on popular podcast platforms like Spotify and Apple Podcasts.
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Disclaimer: This article is intended for informational purposes only and should not be construed as legal or investment advice. The opinions expressed herein are solely those of the author and do not necessarily reflect the views of Cointelegraph.
