Prominent crypto trader Michaël van de Poppe is anticipating a significant surge in Bitcoin’s (BTC/USD) value, drawing parallels to historical economic cycles and the current state of the U.S. economy. Van de Poppe, known for his insightful market analysis, compares the current Bitcoin cycle to the gold cycle of the 1930s and the dot-com bust of 2000. He believes that Bitcoin’s impact will be substantial over the coming decades, dispelling any concerns about a potential crash.
Van de Poppe emphasizes the weakening U.S. economy, attributing it to a failing economic system and Federal Reserve policy. He points to the U.S. debt exceeding $35 trillion and the rising interest rates driven by high inflation. He also highlights the declining influence of the U.S. dollar as the world’s reserve currency, with more countries opting for alternative currencies due to the dollar’s weakening.
The trader sees Bitcoin as a safe haven asset, similar to gold’s role during the 1930s. He suggests that the uncertainty surrounding the dollar’s strength and weakness, combined with the U.S. government’s policies, will prompt people to invest in Bitcoin and other assets.
Van de Poppe expects a significant Bitcoin surge driven by the rate cut policy and the potential for quantitative easing (QE). He also predicts a surge in decentralized Finance (DeFi) as people grow increasingly dissatisfied with the current financial system. He anticipates a massive breakout either after the release of unemployment data or following Fed rate cuts. He envisions a broader crypto cycle where Real World Assets, dePIN, and DeFi will drive adoption, emphasizing that meme coins won’t be the central force.
The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on November 19th.
