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Crypto expert Michaël van de Poppe sells all his Bitcoins; here’s why
Shortly after declaring its “opportunity cost” strategy, which consists of selling all of its Bitcoin (BTC) possessions, fame cryptocurrency Expert Michaël van de Poppe followed up his announcement by claiming to have actually sold all of his Bitcoin and explaining his reasoning.
As it turns out, van de Poppe said his recent actions did not mean he had lost trust in the girl. crypto nor that he expected himself to be at his peak for this cycle, nor that he had “become a total believer in Gold”, according to a long Message explanation on May 16.
Ultimate goal: more Bitcoin
Quite the contrary – the professional crypto trader said he did this because he “aims to achieve more Bitcoin later in the year”, believing that “it is a bull cycle“, and reiterating his earlier doubts regarding the traditional four-year cycle of flagship decentralized finance (Challenge) active.
“Last week we saw pension funds, insurance companies and the largest hedge funds in the United States allocating funds to Spot. Bitcoin ETFs. CME Group announced a futures contract ETFs to launch, and sooner or later we will have option trading based on which Bitcoin becomes 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 portfolio, combined with macroeconomic events “, and that they will reduce risks in a context of drying up liquidity and reducing risks. the dollar is strengthening.
Because of these factors, van de Poppe claims that “this cycle is, relatively, the last easy cycle to make a lot of money from altcoins” in several ways, but he chooses the riskiest: trading “altcoins within the Web 3.0 ecosystem to get more Bitcoin”, where bad timing could mean losing your BTC.
Why now?
As for his timing, he explained that the world is now striving “to get as much Bitcoin and gold as possible.” Sustainable assets. Sellable assets, because [quantitative easing (QE)] will start sooner rather than later and inflation kills your purchasing power, your standard of living and your pleasure of living”, hence “Bitcoin is the result”.
Additionally, “if you look at previous cycles, you would suggest that the rotation from Bitcoin to altcoins (around the halving) occurs before the halving. This time it’s completely different as the markets continued to show strength.”
In addition to this, van de Poppe believed that the downward pressure on altcoins has been “unreasonably strong” and that “the advantage cannot be denied”, as well as “DePIN and RWA are going to be massive, more and more traditional companies are making the transition to the Web 3.0 ecosystem”, which is why:
“It’s time to get on with it if you want to make a big comeback.”
Advantages and disadvantages
As he pointed out, this strategy could give him a “300 to 900% return in the next 6 to 12 months in Bitcoin value”, or even “an additional 300 to 600% (…) if Bitcoin stabilizes for this period (…) through which one could say that 900-4,500% is the rough estimate of a potential return for the next 12 to 24 months in this super cycle.
On the other hand, van de Poppe pointed out that the downside to his bet could be “relatively huge”, as it is currently “down around 20% already in the space of one to two weeks compared in total “. investment“, and that he could lose 50 to 80%, but that was fine with him, “because 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, suggesting a modest gain of 0.26% over the past 24 hours, a larger gain of 4.80% over the previous seven days and a cumulative advance of 4.37% on its monthly chart. , according to data from May 17.
30-day Bitcoin price chart. Source: Finbold
All things considered, Michaël van de Poppe’s strategy may make sense, but he is an experienced trader and fully aware of all the risks and downsides. It is therefore essential to do your own research before attempting to imitate its practices, especially since trends in this sector can change suddenly.
Disclaimer: The content of this site should not be considered investment advice. The investment is speculative. When you invest, your capital is at risk.