A widely followed analyst believes that the king of cryptocurrencies is entering an era unlike any other in history, with a 12x rally in Bitcoin (BTC) on the horizon.
Cryptocurrency strategist Michael van de Poppe told his 693,000 followers on social media platform
Van de Poppe said Bitcoin is currently in “easy bubble” mode, with multi-trillion dollar asset managers like BlackRock and Franklin Templeton entering the market through BTC ETFs.
“The recently approved Spot Bitcoin ETF is having a significant, albeit unpriced, impact on the market.
Billions of dollars flowed into ETFs in the first few weeks, and there was a lot of interest.
More importantly, the combination of potential hedging against the US dollar (for multiple reasons) is an argument many institutions use in adopting an investment-based approach to Bitcoin holdings. In that regard, ETFs have enabled a bull cycle that we won’t see for a long time. ”
The trader also said that macroeconomic factors seem to be conspiring to push Bitcoin to even greater heights.
“There is currently an existential risk of inflation across Third World countries, leading to massive inflows into Bitcoin and cryptocurrencies overall, but concerns over the U.S. government’s debt levels and potential national bankruptcy are also slowly coming to an end.” This is gradually increasing. That’s where the financial system lies.”
Against the backdrop of rising US debt and rising inflation levels around the world, Van de Poppe believes that Bitcoin and the entire digital asset market are on the verge of entering a “crypto.com bubble.” He describes the bubble as a cycle in which the entire world understands that Bitcoin and cryptocurrencies are the asset class of the future.
According to the analyst, Bitcoin’s global adoption could spark a meteoric rise in BTC, potentially valuing the crypto king well above $500,000.
“Maybe it will peak at $250,000 or $600,000…
I think we should erase the theory and hope the market goes much higher than we think now. That’s how the market works.
The most likely scenario is to peak in Q3/Q4 of 2025, but if liquidity remains in place, this suggests that this bullish cycle could last as long as 2026 or 2027. may be reasonable. ”
At the time of this writing, Bitcoin’s value was $49,823, up more than 3% in the past 24 hours.
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