A popular crypto analyst, Michaël van de Poppe, thinks Bitcoin is about to explode. He believes the Federal Reserve’s potential rate cuts later this month will send Bitcoin soaring.
Why Bitcoin Will Boom
Van de Poppe says the rate cuts will pump more money into the market, giving Bitcoin a big boost. He also sees investors flocking to Bitcoin as a safe haven against a shaky US economy and a weakening dollar.
“Bitcoin is going to surge because of the rate cuts and the possibility of more money printing,” he said. “The worse the economy gets, the more people will turn to Bitcoin. It’s like gold was in the 1930s, but instead of protecting against inflation, it’s protecting against the US economy failing.”
The Next Crypto Boom
Van de Poppe predicts that this next crypto boom won’t be driven by memecoins. He expects real-world assets, decentralized infrastructure, and decentralized finance to lead the charge.
“We’re on the verge of a huge market breakout,” he said. “I think this time, it’s going to be about real-world applications, not just silly internet coins.”
Bitcoin’s Blow-Off Top
Van de Poppe thinks Bitcoin will be the top performer in this economic cycle, reaching its peak before eventually crashing. He calls this a “blow-off top,” a sudden price spike followed by a sharp decline.
“The US dollar is losing ground, and Bitcoin is following the same pattern as gold in the 1930s,” he said. “I think Bitcoin will reach its peak before the stock market, or maybe they’ll peak at the same time. Who knows?”
Bitcoin’s Current Price
Bitcoin is currently trading at $53,828, down 4.4% in the last 24 hours.
Disclaimer:
This is just one analyst’s opinion. Always do your own research before investing in crypto. /p>
